If you're wondering what is a maintenance bond, it's a type of surety bond that protects project owners from defects in workmanship, materials, or construction after a project is completed. Typically valid for one to two years, the bond ensures that the contractor will return to fix any issues that arise during the maintenance period. Maintenance bonds provide peace of mind to project owners, especially in large-scale construction jobs where post-completion problems can be costly. This bond acts as a warranty, assuring the project is durable and defect-free. Whether you're a contractor or project owner, understanding maintenance bonds helps safeguard against future expenses and build trust in the quality of the completed work.
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