10/15/2026
Having strong financials and access to credit doesn't necessarily mean you can skip surety bonding on a private construction project. Project owners may still require performance and payment bonds to protect against contractor default and nonpayment.
Learn when private projects require bonding, how surety bonds differ from bank financing, and why establishing your bonding capacity early can help you compete for new contracts.
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Do private construction projects need surety bonds? Learn when private construction surety bonds are required and how contractors can prepare.