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CONSTRUCTION BONDING

 

 

OUR BONDS ARE OUR PRODUCTS

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As your Surety Bond Expert, we will obtain the bond you need at a price that you can afford in a timely manner.  We are dedicated to the highest standards of service, leading to long-term and long-lasting business relationships, as well as mutual growth and success.  We service new business start-ups as well as established companies.  The clients we serve are diverse and range from contractors and construction companies of all kinds to transportation companies, financial institutions as well as unique businesses with hard-to-place surety bonding needs.
 
Our primary goal is to surpass our clients' expectations, each and every time.

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PERFORMANCE BONDS

Ai Bonding has programs available for performance bonds of all sizes- large experienced contractors or emerging contractors.

 

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CONSTRUCTION BONDS

A construction bond is a legal agreement in which the bonding company (surety) guarantees that a contractor will perform obligations according to the established plans and specifications of a contract. 

 

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BID BONDS

Bid Bonds are issued within the framework of a bidding process to serve as a guarantee to a project owner that a winning bid will satisfy the terms of a tendered contract.  The bid bond formally assures and guarantees that a successful bidder will execute the requirements of the contract, and duly provide the required surety bonds.

 

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LABOUR & MATERIALS BONDS

Labour and material bonds, also known as payment bonds, guarantee that the company will pay its direct subcontractors, suppliers, vendors and laborers for materials and services provided under the bonded contract. 

 

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MAINTENANCE BONDS

Maintenance bonds guarantee to the project owner that the contractor will maintain the project and correct any defective workmanship after the project has been completed based on the agreed terms of the contract for a specified period of time.

 

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SUPPLY BONDS

Supply bonds provide security to the project owner, that certain materials will be delivered by the supplier according to the terms of the contract. The bond will reimburse the purchaser should the supplier not complete the terms of the contract.  The conditions of supply bonds are similar to performance bonds except that the obligation is for supplies only.

 

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DEVELOPER SURETY

A surety bond, presented as a form of security, helps the developer to utilize cash available to them in supporting the construction process.

 

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BONDING INSURANCE

Commercial surety bonds represent a wide spectrum of products and range in the thousands of different types. Commercial surety bonds normally respond to an act/law and can be part of a licensing requirement.

 

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FIDELITY BONDS

A Fidelity bond is a financial guarantee that protects its policy holders from losses, either physical or monetary, they may incur due to dishonest or fraudulent acts caused by specified individuals. In most cases, a fidelity bond is obtained by an employer against loss caused by the dishonesty of an employee.

 

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CONTRCTORS INSURANCE

Our contractor insurance coverage protects your contents, tools and equipment, while also offering protection against lost of income, liability, crime and equipment breakdown.

 

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ENVIRONMENTAL INSURANCE

Environmental insurance coverage can reduce your exposure to huge financial loss from environmental damage and pollution. Awareness of environmental liabilities exposures is growing, and those working in the industry can be held accountable for the impact that their actions have on the environment.

 

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ROOFING INSURANCE

Roofing’s liability insurance policy will cover financial losses to the business due to property damage or injury as well as any legal expenses that are incurred.

 

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BUILDERS RISK INSURANCE

Builders Risk insurance, also known as "Course of Construction", "Construction All Risk", and "Contractor's All Risk Insurance", provides coverage for buildings during the course of construction and, in some cases, for a specified period afterwards.

 

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FINANCIAL GUARANTEES

A Financial Guarantee can consist of cash deposits, payments, surety bonds, or other irrevocable agreements to guarantee payment of or completion of construction.

 

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WARRANTY

Ai Surety Bonding is a dedicated and trustworthy facilitator in a wide range of warranty administration services including service programs, customer service support, claims processing and service contract. 

 

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LIVESTOCK BOND

The purpose of a livestock bond is to protect producers from non-payment when selling livestock to a licensed dealer.

 

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FOREIGN EXECUTOR BOND

Some provinces require an executor whom resides outside the jurisdiction of the court overseeing the estate, to post a foreign executor bond, ensuring that they will carry out all the duties required, in good faith.

 

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COMPLETETION BOND

A Completion Bond is a financial instrument that insures that projects of all sorts are completed, even if the owner or borrower runs out of available funds. Completion Bonds are a common tool used to secure a mortgage for a major building project.

 

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ADMINISTRATION BOND

The purpose of an Administration Bond is to protect the creditors and lawful heirs of the estate.

 

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FIDUCIARY BOND

 

TRUSTEE IN BANKRUPTCY BOND

 

TARRION BONDS

 

CONTRACTOR POLLUTION LIABILITY

 

 

 

 

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WHAT SURETY BOND DO YOU REQUIRE?

 
We are dedicated to the highest standards of service, leading to long-term and long-lasting business relationships,
as well as mutual growth and success.

 

UNSURE? HAVE QUESTIONS?

Let us help guide you through the surety bond Process.

 

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