Blaikie Group is a trusted national provider of Performance Bonds for contractors, developers, and project owners. As one of the nation’s largest volume bond producers, we offer fast service, free quotes, and the lowest possible rates. Whether you’re bidding on a public works project or need to fulfill private contract obligations, our experienced team will help you secure the right Performance Bond quickly and affordably.

What Is a Performance Bond?

A Performance Bond is a type of surety bond that guarantees a contractor will complete a construction project according to the terms and conditions outlined in the contract. If the contractor fails to fulfill their contractual obligations — such as abandoning the job, performing substandard work, or going bankrupt — the bond protects the project owner by covering the costs needed to complete the work through another contractor.

Performance Bonds provide peace of mind to project owners, developers, and government agencies by ensuring projects are completed on time, on budget, and to specification. These bonds are a critical component of most public construction contracts and are often required for large private developments as well.

Who Needs a Performance Bond?

Performance Bonds are commonly required for:

• General contractors bidding on federal, state, or municipal construction contracts
• Subcontractors taking on significant scopes of work
• Private developers hiring contractors for commercial construction
• Contractors working in transportation, infrastructure, or utility sectors

Any contractor looking to bid on public projects funded by taxpayer dollars will almost always be required to post a Performance Bond. These bonds are typically issued in tandem with Payment Bonds to protect both the project and the subcontractors involved.

Why Are Performance Bonds Important?

Performance Bonds are essential for managing risk on construction projects. They provide assurance that the contractor will complete the job as promised. Without this bond in place, a project owner would have limited recourse if the contractor defaulted, potentially leading to costly delays, legal action, or unfinished work. With a Performance Bond, the surety company steps in to cover the financial risk and ensures the project is brought to completion.

How Much Does a Performance Bond Cost?

The premium for a Performance Bond typically ranges from 1% to 3% of the total contract amount, depending on factors such as:

• Contract value
• Contractor’s credit score
• Business financials
• Work history and experience

For example, a $500,000 construction project may require a Performance Bond costing between $5,000 and $15,000. Blaikie Group works with leading surety companies to deliver the lowest rates available, helping you stay competitive on bids while meeting all compliance requirements.

Why Choose Blaikie Group for Your Performance Bond?

• Free Quotes – Get a fast, no-obligation quote on your Performance Bond.
• Lowest Rates – We leverage our volume and partnerships with top-tier sureties to provide competitive pricing.
• Fast Approvals – Most Performance Bonds are approved within 24 to 48 hours, with same-day service available for qualified applicants.
• Nationwide Service – We issue Performance Bonds in all 50 states and understand the unique requirements of each jurisdiction.
• Dedicated Claim Specialists – If a claim is filed, our experienced team helps protect your business and reputation.

How to Apply for a Performance Bond

Getting a Performance Bond through Blaikie Group is fast and straightforward. Here’s how it works:

1. Complete our online application with basic business and financial information.
2. Submit your contract or bid documents for review.
3. Receive a free quote, often on the same day.
4. Upon approval, pay the premium and receive your bond electronically or by express delivery.

Our team is available throughout the process to answer questions, expedite approval, and ensure your bond is in full compliance with project requirements.

Federal Projects and the Miller Act

For federal construction contracts valued at more than $150,000, the Miller Act requires contractors to provide both Performance Bonds and Payment Bonds. Blaikie Group is well-versed in Miller Act compliance and has helped thousands of contractors meet bonding requirements for federal and state contracts.

Partner with Blaikie Group for Your Performance Bond Needs

With decades of experience and thousands of bonds issued, Blaikie Group is the trusted partner for contractors nationwide. We understand how critical bonding is to your ability to win bids, stay compliant, and complete projects on time. Our expert team delivers reliable guidance, rapid service, and cost-effective bonding solutions tailored to your business.

Whether you’re bidding on your first public project or managing multi-million-dollar contracts, Blaikie Group is ready to help you secure the Performance Bonds you need to succeed.

Get your free quote today and let Blaikie Group handle your Performance Bond with speed, accuracy, and unmatched service.