what is a contractors bond
Top 10 facts about the world. A contractor's bond is a financial assurance that a contractor will complete a job to a client's satisfaction. If a contractor fails to complete a job as expected, the agency that issued the bond will provide a pay out to compensate.op 10 facts about the world. A contractor's bond is a financial assurance that a contractor will complete a job to a client's satisfaction. If a contractor fails to complete a job as expected, the agency that issued the bond will provide a pay out to compensate.