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

Contractors Bond

Contractors Bond (Glossary Word)

A type of surety bond for contractors. These bonds are issued by a bonding company to a contractor in exchange for a premium. These are used to assure an obligee that the contractor will perform to expectations, usually by the promise to make payments to the obligee in the event of non-performance.


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