A contractor license bond is often required to get a contractor license issued. But can that bond be put to work for other purposes, such as guaranteeing a contract? The short answer is no. License bonds and contract bonds serve two different purposes. Keep reading to find out the difference between the two, and which contract bonds are likely to help you win a bid, get the job, and build your business.
Contractor License Bonds vs Contract Bonds: What’s the Difference?
A contractor license bond is a guarantee that you will do your ...