how much to cost to get a performance bond
The surety bond cost will depend on the size of the contract and its scope influence. Moreover, many performance bonds have scaled rates that start at, say 1.5% for the first $500,000 and drop to 0.75% for the bond amount in excess of $500,000. Generally rates range from around 0.5% to 2% of the bond value.
The surety bond cost will depend on the size of the contract and its scope influence. Moreover, many performance bonds have scaled rates that start at, say 1.5% for the first $500,000 and drop to 0.75% for the bond amount in excess of $500,000.