A maintenance bond is a powerful tool that helps Canadian contractors build their reputation, gain… Read more »

This article provides a simple, easy-to-understand overview of contract surety. It explains what surety bonds are, the roles of the principal, obligee, and surety, and how different types of bonds—such as bid, performance, payment, and maintenance bonds—function to protect construction projects. Written for beginners, it walks readers through the basic concepts and processes involved in contract surety without complex jargon.