When Do You Need a Performance Bond for the State of Maryland?
In Maryland, you need a performance bond if your project meets any of the following criteria:
Gross Weight: If your project’s gross weight exceeds 150,000 lbs.
Dimensions: If your project is more than 16 feet wide, 16 feet high, or 120 feet long.
Why Do You Need a Performance Bond?
Performance bonds are required to ensure that contractors fulfill their obligations under a construction contract. They provide financial protection to the state, ensuring that the project will be completed according to the terms and conditions agreed upon. If a contractor fails to meet their obligations, the bond can be used to cover the costs of completing the project or compensating for any damages
How Much Does a Maryland Performance Bond Cost?
The cost of a Maryland Performance Bond May 10,000 USD
How to Get a Maryland Performance Bond?
Get a Maryland Performance Bond with Compare Transport LLC
Securing a Maryland Performance Bond is quick and hassle-free with Compare Transport LLC. Simply apply online, provide your business details, and get approved based on your financials. Our team ensures fast processing at competitive rates. Contact us today to get your bond and stay compliant!
📞 630-222-5770
