Completion guarantee
If the contractor defaults, the surety takes over: completing the project with the original contractor, hiring a replacement, or paying the owner the bond amount.
Specialized coverages — Mississippi
Performance Bonds
A guarantee to the project owner that the work will be completed as contracted — protecting the owner and unlocking larger, bonded contracts for Mississippi contractors.
Start my quoteA performance bond guarantees the project owner that if the contractor defaults, the surety will step in — completing the work or arranging its completion. It's the owner's protection and, for a contractor, the credential that unlocks bigger, bonded work.
We place performance bonds — usually paired with payment bonds, as most Mississippi public work and many private projects require both — through our surety markets, with underwriting that presents your company at its best.
How performance bonds work
The pieces, one by one.
Payment bond pairing
Almost always issued alongside a payment bond guaranteeing that subcontractors and suppliers are paid — together called the bid, performance, and payment package.
Bid bond pipeline
Bid bonds start the process — they guarantee you'll sign and bond the contract if awarded, and they establish your credibility with owners from the first bid.
Maintenance bonds
Post-completion bonds that guarantee workmanship for a warranty period, often required on public work after final acceptance.
Worth knowing
Details that make the difference.
Your capacity is the limit
Sureties set a single-project limit and an aggregate backlog limit based on your financials, experience, and completed work. Growing capacity is a deliberate, year-over-year process.
Financial statements drive it
Strong, current financial statements — ideally reviewed or audited by a CPA — earn larger capacity and better rates. We'll tell you exactly what your surety needs to see.
Bonds are not insurance
You indemnify the surety if a bond pays out. A performance bond is a credit instrument backed by your company's strength — we'll walk you through the indemnity agreement before you sign.
Start bonding early
Building a bond line before you bid makes you faster and more credible. A prepared program turns bid-day urgency into a routine certificate request.
Performance bond questions
Common questions, answered.
Get your bond quote.
Send us the project details and contract requirements, and a licensed Triad advisor at our Jackson office will come back with bond terms — usually within days, not weeks, for Mississippi contractors.