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What Is a Maintenance Bond and Why It Matters

So, What is a maintenance bond is a type of surety bond issued after a construction project is completed. It guarantees that the contractor will fix any defects or issues that arise during a specified maintenance periodu2014typically one to two years. This bond protects the project owner by ensuring workmanship and materials remain intact beyond the final payment. If the contractor fails to uphold their responsibilities, the bond provider covers the cost of repairs or corrections. Maintenance bonds are commonly required in public works, infrastructure, and large private projects.

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What Is a Maintenance Bond and Why It Matters

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