Hi all,

I’m trying to get a better understanding of construction payment bonds and would appreciate any insights you can share.

What exactly is a construction payment bond, and how does it work? Who typically needs one—contractors, subcontractors, or project owners? I’m also curious about when and why it’s required on a project.

If anyone has experience with using or obtaining payment bonds in construction, I’d love to hear your thoughts or see some real-world examples.

Thanks in advance!

Jackkyle