Texas Performance | Performance Surety Bond

Also known as: performance bond, construction performance bond

Type of Bond

A Texas performance bond is a type of surety bond that guarantees the satisfactory completion of a contract for a specific project. It provides financial assurance that a contractor will fulfill the terms of their agreement, including the payment of any fees or taxes, as well as any other obligations required by the state. A Texas performance bond is typically required when a contractor is bidding on a public works project in Texas, and is intended to protect the state and any other involved parties in the event of a contractor default.


Program

The price you'll pay for your Performance Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of Performance Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a Performance Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Performance Bond Application process.

Obligee Information

An obligee is the entity that is requiring you to have the Performance bond.

Obligee: TEXAS PUBLIC WORKS DEPT
Street: P O BOX 1562
State: Texas
Zip: 77001