What happens if the contract amount increases or decreases at the end of the bonded project?

Melanie Young asked this on May 31, 2018 in Performance Bonds

Jon answered this on May 31, 2018

Melanie,

If the project is over, then the contract amount increase shouldn't make a difference in regards to the bond. If the project is still ongoing, you may need to increase the amount of your surety bond via a rider. If your bond needs to be increased, please contact our Customer Care team at 1 (800) 308-4358 ext. 301 and they will be happy to assist you. Thank you again for choosing SuretyBonds.com!