Berea Office

302 Richmond Rd. PO Box 428
Berea, Kentucky 40403
Phone:  (859) 986-1056

Richmond Office

1060 Center Dr. PO Box 743
Richmond, Kentucky 40475
Phone:  (859) 626-5252

Contract Bond

Contract Bond (Glossary Word)

A contract between three parties. A surety principle applies for a bond from the surety, typically an insurance company, in order to assure an obligee, or project owner, that the principle has the capacity to perform according to the provisions of an agreement or contract yet to be fulfilled.


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