Township of Medford Construction Contractor Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $10,000 | Varies* | Starts at $100 |
Construction contractors performing applicable work in Medford Township, New Jersey, must meet local bonding requirements. Required by the Township of Medford, the construction contractor bond helps ensure contractors comply with applicable construction requirements and provides financial protection for covered incomplete work or building code violations.
*This bond is subject to a Dec. 31 statutory renewal date. Terms of one, two, or three years are available with pricing based on the term selected.
Cost of the Medford Construction Contractor Bond
The cost of the $10,000 Medford construction contractor bond starts at $100 with the total premium varying based on the selected bond term. Secure this surety bond today.
How the Medford Construction Contractor Bond Works
The Medford construction contractor bond helps protect the township and public by holding contractors financially accountable for complying with applicable local construction requirements and covered obligations.
The bond involves three parties:
- Principal: Construction contractor
- Obligee: Township of Medford, New Jersey
- Surety: Bonding company
A claim against the bond may be filed if a contractor fails to meet an obligation covered by the bond, including applicable requirements involving incomplete or noncompliant work. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Medford Construction Contractor Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Select the applicable bond term and pay the corresponding premium.
- Receive the bond form via email.
- Download and file the bond as required by the Township of Medford.
Learn more about your New Jersey surety bond options across the state.
Get Your Medford Construction Contractor Bond
Ready to meet your Medford Township bonding requirements? Complete this form or call 855-457-2196 to get bonded.