Blaikie Group is proud to be one of the nation’s largest and most trusted providers of Payment Bonds. We work with contractors, developers, and public and private project owners across all 50 states to deliver fast approvals, low rates, and outstanding service. When you need a Payment Bond to fulfill bid requirements or protect your subcontractors and suppliers, our experienced team is here to ensure you get the bond you need — quickly and affordably.

What Is a Payment Bond?

A Payment Bond is a type of surety bond issued to guarantee that a contractor will pay subcontractors, laborers, and material suppliers as agreed for work performed under a construction contract. This bond provides financial protection to those parties by ensuring they receive timely and full payment — even if the contractor defaults.

Most Payment Bonds are issued alongside performance bonds on public construction projects and are often required by law for federal contracts under the Miller Act. Many state and municipal construction jobs also mandate Payment Bonds to protect public funds and prevent liens from being placed on publicly owned property.

Why Are Payment Bonds Important?

Payment Bonds are critical in protecting the financial interests of subcontractors and suppliers on construction projects. Without a Payment Bond, these parties face significant risk if a contractor becomes insolvent or fails to meet payment obligations. The bond creates trust and ensures the project team is paid fairly and on time, which is essential for maintaining job site performance and avoiding costly delays or disputes.

For project owners, requiring a Payment Bond adds an important layer of financial security and ensures their projects will not be impacted by payment-related claims or mechanic’s liens.

Who Needs a Payment Bond?

Payment Bonds are typically required for:

• General contractors bidding on federal, state, or municipal construction projects
• Private construction projects with large subcontractor networks
• Developers working with multiple tiers of suppliers and trades
• Contractors applying for performance bonds (as payment bonds are often paired together)

If you’re bidding on a public job or taking on a major private development, you will likely need a Payment Bond to qualify for the contract or release payment draws.

How Much Does a Payment Bond Cost?

The cost of a Payment Bond is generally included in a combined premium with the performance bond, typically ranging from 1% to 3% of the total contract amount. The exact rate depends on the size of the project, the creditworthiness of the contractor, financial strength, and project experience.

Blaikie Group works with top-tier surety markets and underwriters to offer competitive rates, even for startups or contractors with limited bonding history. We understand that bonding is crucial for growth — and we’re here to help you win more jobs by making Payment Bonds easy and accessible.

Why Choose Blaikie Group for Your Payment Bond?

• Free Quotes – Get a fast, no-obligation quote tailored to your contract size and bonding needs.
• Lowest Rates – Our large volume and long-standing relationships with leading sureties help us secure the best rates on Payment Bonds.
• Fast Approvals – Most Payment Bonds are approved within 24–48 hours, with many same-day options available.
• Nationwide Service – We issue Payment Bonds in all 50 states and can assist with local, state, and federal requirements.
• Dedicated Claim Specialists – If a claim is ever filed, we provide expert support to help you navigate the process and protect your reputation.

How to Apply for a Payment Bond

Blaikie Group simplifies the bonding process for contractors at every level. Here’s how to get started:

1. Complete our short online application with basic business and financial details.
2. Submit your project bid or contract documents for review.
3. Receive your free quote, often the same day.
4. Upon approval, pay your premium and your Payment Bond will be issued promptly.

Our bonding experts are available to walk you through every step, answer your questions, and ensure you meet your project deadlines without delays or stress.

Trust Blaikie Group with Your Payment Bond Needs

As one of the most experienced and respected surety bond providers in the country, Blaikie Group is proud to support contractors and developers of all sizes. We’ve helped thousands of businesses across the U.S. secure the Payment Bonds they need to compete and succeed in the construction industry.

Whether you’re bidding your first public project or expanding your portfolio into larger commercial work, our team is here to help you meet bonding requirements quickly, affordably, and professionally.

Get your free quote today and secure your Payment Bond with confidence through Blaikie Group — your trusted partner in surety bonding.