Vermont Performance Bond
What it is & who requires it
A contractor awarded a Vermont public construction contract (VTrans, BGS, or a municipality), or a private project, that requires a performance bond guaranteeing completion of the work per the contract. On State transportation contracts the bond runs to the State of Vermont.
Obligee: Vermont public owners (VTrans, Buildings & General Services, and municipalities) and private project owners. Citation: 19 V.S.A. § 10 (compliance/performance 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 — through completion and acceptance (and any maintenance/warranty term).
Renewal: Per-project (single contract).
Filing
Furnished to the State of Vermont (or the public owner — VTrans, BGS, or a municipality) as the performance surety on a public construction contract, running through completion and any warranty term. Required under 19 V.S.A. § 10, which conditions the bond on the contractor’s compliance with the contract; 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, often paired with the payment bond.
Source
This bond requirement is corroborated by multiple public sources; Vermont public owners (VTrans, Buildings & General Services, and municipalities) and private project owners sets the exact amount, which we confirm when you start your bond.
Related Vermont bonds
Frequently asked questions
- Who requires the Vermont Performance Bond?
- It’s required by Vermont public owners (VTrans, Buildings & General Services, and municipalities) and private project owners (19 V.S.A. § 10 (compliance/performance surety bond on Vermont State construction contracts)). A contractor awarded a Vermont public construction contract (VTrans, BGS, or a municipality), or a private project, that requires a performance bond guaranteeing completion of the work per the contract. On State transportation contracts the bond runs to the State of Vermont.
- How much is the Vermont 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 Vermont 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.
