What a surety bond offers
The bond provides negotiating flexibility because it guarantees your company's obligations. This enables you to get better prices from suppliers and subcontractors because they know they’ll be paid on time. Companies that take out surety bonds also project a stronger image, which makes it easier to obtain preferential rates from banks and other lending institutions.
Thanks to a surety bond, adjustments in the amount of a bid can be made up to the very last minute. This flexibility allows your company to continually adapt to the competition by adjusting its bids accordingly.
Given that surety bonds are often required in tender calls, they enable companies to bid on high-value projects.