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Bid Bonds
Bid bonds provide the owner a financial guarantee that the contractor will enter into the contract if you are the low bidder.
Performance Bonds
A performance bond ensures the contractor will perform its contractual duties in accordance with the contract.
Payment Bonds
A payment bond guarantees that the contractor will fulfill all financial obligations relating to the contract.
The Bonding Process
- Complete a Bid Bond Request Form found on our site and fax/email to us. Request forms received without shipping instructions will be mailed.
- Bid bonds will be issued on the standard American Institute of Architects form AIA 310 unless a specified form is indicated or provided.
- Upon receiving bid bond please review, sign, notarize and submit.
- Easily complete a Performance/Payment Bond Request Form that can be found on our site and fax/email to us with copy of the contract and specific bond forms we need to use.
- Additional information may be required; if the bid spread is greater than 10%, the Owner is a Private Owner, or at the request of the Surety.
- Upon receiving bonds please review, sign, notarize and submit to the Owner or Engineer.
- Fill out the License Bond Form on our site and fax/email the License Bond Request Form along with any required bond forms
- On our site you can find and complete the Consent of Surety form and then fax/email form once completed.
- Form G707 will be used unless a specific form is provide
“Integrity Grading and Excavating, Inc. has been working with J. Ryan Bonding, Inc. since we started our company in 2006. From our beginning we have grown into one of the largest excavating contractors in the state of Wisconsin, performing projects well into the mid 8 figure range all over the upper Midwest. J. Ryan Bonding, Inc. has been and continues to be an integral partner helping us to grow and achieve our goals day in and day out. Their staff understands our business and provides more than just our bonds. They have provided valuable insight and ideas from financial management to ownership continuity. We value them as an important part of the team at Integrity Grading and Excavating.”
Dan Weinkauf
President, Integrity Grading and Excavating, Inc.