Construction Performance & Payment Bonds - Performance Bonds, Supersedeas Bonds, Surety Bonds And More

Performance Bonds provide that work will be fully completed in accordance with the terms and conditions of the power construction contract. The performance bond guarantees the faithful performance of the terms in the contract. In the event of being declared in contractual default by the developer/IPP the carrier issuing the bond must pay all unpaid penalties as stipulated and restore the completion of the project. Since the carrier is assuming this liability, they have the right to replace the contractor or work with the existing contractor to complete the project. This bond protects the investor, developer and IPP from loss of their investment and also prevents potential ITC clawbacks while safeguarding the end user/offtaker rights in their contract (PPA) to receive the energy they contracted for.

Payment Bonds, aka Labor and Material Bonds, guarantee that the contractor will pay certain subcontractors, laborers and materials suppliers involved in the project for labor and materials in the event of contractual default.

Requiring a performance and payment bond makes it easier to finance a solar project for the EPC, developer and offtaker and can assist an investor when monetizing or securitizing a single solar project or a portfolio of solar projects. Surety is not a credit enhancement. Surety is a contract performance guarantee that mitigates risk and fills an important gap protecting the project for contractual default not otherwise covered by general property and casualty insurance.

50 States We Are Licensed In

$100K Project Minimum

$1B+ Projects Up To

How We Can Help You

40 Years Of Experience

We've been underwriting for 40 years working with only the most reputable surety carriers nationwide.

Rapid Response Time

We can get you the answers you need in a matter of minutes.

Business Development

We offer sound business advice to help you build your bonded business.

Multitude Of Satisfied Clients Nationwide

After 30 years of owning and operating businesses both nationally and internationally I rarely endorse or provide opinions regarding a company or individual. I am making an exception; Unique Surety & Insurance Services is a rare and select family owned company with the experience of a Fortune “500” company. Ron, An operator of a national business in Indiana
We are a painting contractor and needed our first bond. Unique Surety made the process quick and painless. It is always a pleasure working with them. Rebecca, A municipal painting contractor in California
We changed to Unique Surety after being with a bonding agent for 5 years. Unique Surety arranged for much higher performance bonding limits at a much better rate which opened the door to greatly expanding our business. Without Robin and her staff at Unique Surety we would absolutely not be where we are today. Kari, A contractor in Montana
As a small business, Unique Surety has provided the backing required for my company to take on pivotal projects that have allowed us to grow to be a strong contender in the South Florida construction market. The Unique team is very responsive and professional. I would recommend them to other small businesses in my industry. Laurence K. Butler, Founder & President at Bespoke Construction Management
They are truly unique in the way they do business. When others say no, they say yes. When others say it's impossible, they make it possible by going the extra mile. Unique Surety cares about its clients' success. Kevin Maragh, President for S3S Construction, Inc.