Surety Bonds in the State of New Jersey
The need for surety bond in the State of New Jersey is now greater than ever especially with the expansion of the public agencies authorized to enter into public-private partnerships or what’s commonly known as P3. This program allows the state, local governments, and school districts to enter into P3 agreements for capital projects. This requires the following to secure a New Jersey Performance Bond and Payment Bond that complies with the Little Miller Act:
- General Contractor
- Construction Manager
- Design Build Team
Whether you are a general contractor who needs the aforementioned New Jersey surety bond, a professional required to get one as a requirement for the issuance of a license, or a corporation who needs a surety bond to safeguard a business, we are here for you.
We have dozens of New Jersey surety bonds that caters to different persons and industries. No New Jersey surety bond is alike. Each one has specific conditions that is made in accordance with the relevant New Jersey law or statute. Your bond premium will depend on several factors, too.
Want to know your bond premium? GET YOUR FREE QUOTE HERE today!