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New Jersey Maintenance Bond

Surety Bond

Amounts vary by Obligee

This bond will require a bit of paperwork at first. We try to make the process as simple as possible. Of course this is dependent upon the size of the project and complexity of the bond. These kind of bonds encompass both construction and non construction projects. Jane Bond Insurance Agency is participating Small Business Administration Agent. The SBA now guarantees these bonds up to 5MM. The process is rather straight forward. The general turnaround time is between 5 - 10 business days on large projects.

Maintenance Bond and Maintenance Contract Bonds:

Bond guaranteeing against defects for a specified time period  following the completion of a contract.

There are also maintenance contract bonds. These bonds are for service contracts such as landscaping.

This bond's rate begins around $10 per 1k ($100 Minimum)

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Bid Bond - Flat fee ranges from $100 - $200 (annual fee)    
Labor and Materials Bond - 0.5 - 5% and higher    
Maintenance Bond - 0.5 - 5% and higher    
Performance Bond - 0.5 - 5% and higher    
Payment Bond - 0.5 - 5% and higher    
Service Contract Bond - 0.5 - 5% and higher    
Supply Bond - 0.5 - 5% and higher    
Credit, assets, history, prior projects will be reviewed    

General Note: Some bonds can be instantly issued and some can be issued within a few hours. If the bond needs to be underwritten it can take 72 hours or longer depending upon the size and complexity of the bond.

New Jersey Maintenance Bond

Jane Bond

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