Maine Performance Bond
What it is & who requires it
A contractor awarded a Maine public construction contract (MaineDOT, the Bureau of General Services, or a municipality / quasi-municipal authority), or a private project, that requires a performance bond guaranteeing completion of the work per the contract.
Obligee: Maine public owners (MaineDOT, the Bureau of General Services, political subdivisions and quasi-municipal corporations) and private project owners. Citation: 14 M.R.S. §871 (Public Works Contractors' Surety Bond Law of 1971) — performance 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 — through completion and acceptance (and any maintenance/warranty term).
Renewal: Per-project (single contract).
Filing
This performance bond runs to the Maine public owner — MaineDOT, the Bureau of General Services, a political subdivision, or a quasi-municipal corporation — or to a private project owner, guaranteeing completion of the work per the contract. 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 for a single contract.
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) and private project owners sets the exact amount, which we confirm when you start your bond.
Related Maine bonds
Frequently asked questions
- Who requires the Maine Performance Bond?
- It’s required by Maine public owners (MaineDOT, the Bureau of General Services, political subdivisions and quasi-municipal corporations) and private project owners (14 M.R.S. §871 (Public Works Contractors' Surety Bond Law of 1971) — performance bond on Maine public construction contracts). A contractor awarded a Maine public construction contract (MaineDOT, the Bureau of General Services, or a municipality / quasi-municipal authority), or a private project, that requires a performance bond guaranteeing completion of the work per the contract.
- How much is the Maine Performance 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 Performance 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 — through completion and acceptance (and any maintenance/warranty term). 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.
