It's possible with certain surety partners but not all of them. Since applicant's with a low credit strength or blemishes on their financial record are considered a higher risk, and construction projects are naturally unpredictable, some surety bond companies reject all bad credit applicants. Viking Bond Service is different. We actually help applicants with credit issues get the bonds they require through a special program. We encourage everyone to learn more. A maintenance bond is a type of surety bond purchased by a contractor that protects the owner of a completed construction project for a specified time period against defects and faults in materials, workmanship, and design that could arise later if the project was done incorrectly. However, pricing a maintenance bond is very different from pricing regular coupon paying bonds based on:
