Georgia Nonresident Contractor's Performance Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| Varies | 1 Year | Varies |
Nonresident contractors working on construction, alteration, repair or improvement projects in Georgia must secure a performance tax bond when their contract is $10,000 or greater. Required by the Georgia Department of Revenue, the bond guarantees payment of certain state and local taxes and employment security contributions related to the contractor's work.
Cost of the Georgia Nonresident Contractor's Performance Bond
The cost of the Georgia nonresident contractor's performance tax bond varies based on your contract price.
The required bond amount is at least 10% of the contract price, but the bond amount is not the premium you pay. For example, a $100,000 contract requires at least $10,000 in bond coverage, while your premium is a separate cost.
Get a free quote online and secure your bond today.
How the Georgia Nonresident Contractor's Performance Bond Works
The Georgia nonresident contractor's performance tax bond provides the state with a financial guarantee that covered taxes and employment security contributions will be paid as required.
The Georgia surety bond involves three parties:
- Principal: Nonresident contractor
- Obligee: State Revenue Commissioner of Georgia
- Surety: Bonding company
If the contractor fails to pay covered taxes, contributions, penalties or interest that become collectible during the applicable bond period, a claim may be filed against the bond. The contractor remains responsible for reimbursing the surety for covered losses.
How to Get the Georgia Nonresident Contractor's Performance Bond
Follow these steps to get bonded with NNA Surety:â¯
- Complete the online bond application.
- Pay your bond premium.
- Receive your bond after it is issued.
- Download and file the bond as required.
Get Your Georgia Nonresident Contractor's Performance Bond
Secure your Georgia nonresident contractor's performance bond with NNA Surety today. The process is quick and easy and can be completed entirely online. For more information, call 855-457-2196 to speak to our team of Georgia surety bond experts.