Subdivision Contractors Bonds
Subdivision bonds are, in basic terms, a guarantee that contractors will do what they have been contracted to do, and to meet their obligations. A subdivision bond is a contract performance bond that is sometimes known as a variety of other names. You may have heard them being called developer bonds, land improvement bonds, a site improvement bond, completion bond, or a performance bond. They are all still subdivision bonds. These subdivision bonds will provide a guarantee that any changes or improvements that will be made to land, are within a subdivision.
