Vermont Payment Bond
What it is & who requires it
A contractor on a Vermont public construction contract that requires a payment (labor and materials) bond guaranteeing payment to subcontractors, materialmen, and suppliers. On State transportation contracts the bond runs to the Secretary for the benefit of labor and materials providers.
Obligee: Vermont public owners (VTrans, Buildings & General Services, and municipalities) for the benefit of labor and materials suppliers. Citation: 19 V.S.A. § 10 (labor and materials surety bond on Vermont State 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
Furnished to the Secretary for the benefit of labor, materialmen, and suppliers on a Vermont public construction contract, guaranteeing payment of their claims. Required under 19 V.S.A. § 10; the sum is set at the Agency’s direction, so the bond is listed and the exact amount is confirmed when you apply. It is a single-project requirement and is often paired with the performance bond.
Source
This bond requirement is corroborated by multiple public sources; Vermont public owners (VTrans, Buildings & General Services, and municipalities) for the benefit of labor and materials suppliers sets the exact amount, which we confirm when you start your bond.
Related Vermont bonds
Frequently asked questions
- Who requires the Vermont Payment Bond?
- It’s required by Vermont public owners (VTrans, Buildings & General Services, and municipalities) for the benefit of labor and materials suppliers (19 V.S.A. § 10 (labor and materials surety bond on Vermont State construction contracts)). A contractor on a Vermont public construction contract that requires a payment (labor and materials) bond guaranteeing payment to subcontractors, materialmen, and suppliers. On State transportation contracts the bond runs to the Secretary for the benefit of labor and materials providers.
- How much is the Vermont 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 Vermont 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.
