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  1. Numbers
    Numbers is offline Member
    Join Date
    Oct 2007
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    80

    Release to maintenance

    I got a release for my performance bond and now need a maintenance bond. Are maintenance bond rates similiar to performance bonds?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
    Join Date
    Oct 2007
    Posts
    558

    Maintenance Bond

    Quote Originally Posted by Numbers
    I got a release for my performance bond and now need a maintenance bond. Are maintenance bond rates similiar to performance bonds?
    No, not at all. Maintenance Bond rates are generally much lower than performance bonds. Also, be advised that if a performance bond was issued for a project and a one year maintenance bond is required at it's completion, there may not be any charge for it as it's included in the price of the original bond. If a two year maintenance bond is needed, there would be a nominal charge.
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