Maine Payment Bond
What it is & who requires it
A contractor on a Maine public construction contract that requires a payment (labor and materials) bond guaranteeing payment to subcontractors, materialmen, and suppliers on the project.
Obligee: Maine public owners (MaineDOT, the Bureau of General Services, political subdivisions and quasi-municipal corporations) for the benefit of labor and materials suppliers. Citation: 14 M.R.S. §871 (Public Works Contractors' Surety Bond Law of 1971) — payment (labor and materials) bond on Maine public construction contracts.
Bond amount
Set by the obligee — the exact amount is confirmed automatically when you start your bond in our portal, or call 317-942-0549.
How to get it
This bond is individually underwritten, so it is not issued instantly. Request a quote and a licensed producer follows up to walk you through it.
Request a bond quote
Tell us about the bond and the project. A licensed producer follows up — these bonds are individually underwritten, so they are not issued instantly.
Term & renewal
Term: Per the construction contract — covers claims of labor, materialmen, and suppliers on the project.
Renewal: Per-project (single contract).
Filing
This payment (labor and materials) bond is furnished on a Maine public construction contract for the protection of subcontractors, materialmen, and suppliers. It is required under 14 M.R.S. §871 (Public Works Contractors’ Surety Bond Law of 1971) in an amount equal to the full contract amount. Because that amount is scope-determined, the bond is listed and the exact amount is confirmed when you apply. It is written per project and is often paired with the performance bond.
Source
This bond requirement is corroborated by multiple public sources; Maine public owners (MaineDOT, the Bureau of General Services, political subdivisions and quasi-municipal corporations) for the benefit of labor and materials suppliers sets the exact amount, which we confirm when you start your bond.
Related Maine bonds
Frequently asked questions
- Who requires the Maine Payment Bond?
- It’s required by Maine public owners (MaineDOT, the Bureau of General Services, political subdivisions and quasi-municipal corporations) for the benefit of labor and materials suppliers (14 M.R.S. §871 (Public Works Contractors' Surety Bond Law of 1971) — payment (labor and materials) bond on Maine public construction contracts). A contractor on a Maine public construction contract that requires a payment (labor and materials) bond guaranteeing payment to subcontractors, materialmen, and suppliers on the project.
- How much is the Maine Payment Bond?
- Set by the obligee — the exact amount is confirmed automatically when you start your bond in our portal, or call 317-942-0549.
- How do I get the Maine Payment Bond?
- This bond is individually underwritten, so it is not issued instantly. Request a quote and a licensed producer follows up to walk you through it.
- What is the term?
- Per the construction contract — covers claims of labor, materialmen, and suppliers on the project. Renewal: Per-project (single contract).
- Is this bond insurance for me?
- No. It protects the obligee and the public — not you. If a valid claim is paid, you repay the surety.
- How is this requirement verified?
- This bond requirement is corroborated by multiple public sources. The obligee sets the exact amount, which we confirm automatically when you start your bond in the portal or with a producer.
