Bond Line?

[Numbers]

What is a contractor bond line?

[Surety Queen]

Originally Posted by Numbers

What is a contractor bond line?

A contractor bond line relates to performance and payment bonds and not the actual contractor license bond that may be required by your state. The bond line is the amount of available capacity surety has offered you for bid and performance bonds. Let's say your bond line is $200,000 over $400,000 - this means that you can get bid or performance bonds up to $200,000 for any single job and a total amount of bonds up to $400,000 at any one time. I hope this answers your question. To find out more about contract bonding, feel free to visit the following link.
Surety Bond Types: Contract Bonds

[aarathi]

A contractor bond line relates to performance and payment bonds and not the actual contractor license bond that may be required by your state.