For every builder and developer, there is nothing like knowing that your build is safe. When you’re involved in a contract, you want to know that all terms of agreement are met and that everything will get done on time. Road bonds help to clear the air as well as acknowledge what went wrong if not everything is completed according to contract.

What Are Road Bonds?

A road bond is your source of protection in the case that there are loopholes in the obligations that were agreed upon between you and your client.

More specifically it is a guarantee that that a property developer or house builder will complete the sewer and/or road work to a specific standard and it will be done within a certain timeframe. It is important that you get one of these bonds, especially during federal construction, which requires you to get a surety bond contract if the value of the work is over or at $150,000.

Why Do You Need Surety Bonds?

In most situations, surety bonds are required. You need them because they guarantee that the work will be done, and more importantly in due time. This provides a frame that you can work with, and it gives you peace of mind that everything will get done, just as you had agreed.

What Happens if the Road Bond is Broken?

If the contractor (principal) that is working for you doesn’t abide by the guidelines, you can make a claim. After you make a claim the surety will investigate the situation, and if your claim is valid and the principal did not do the work set by the guidelines, he or she will then have to pay the claim in the amount mentioned in the surety bond, along with all additional legal fees.

From our loyal customers

My initial impression of CRL was very good as you managed my enquiry and questions accurately and efficiently. The quote and package CRL offered was very competitive and the best value with an easy prompt process.

Throughout, I felt Jacqui has kept me well informed, we have been well looked after and all done in a professional manner. I would describe the level of service and efficiency as excellent and I would choose CRL over its competitors again in the future because of the value for money and better service.

My overall experience of working with CRL is excellent and would recommend them to work with. We have definitely been looked after very well by you and CRL.

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