Warranty bonds from the perspective of surety companies

The up-to-date information on warranty bonds from the perspective of surety companies and the results of the survey are presented. There are various types of construction contract bonds such as bid bonds, performance bonds, and payment bonds. The survey respondents provided information on the basic pricing structure of maintenance bonds, including long term warranty bonds. Sureties identified the limited capital base and financial resources to respond to potential warranty claims in the distant future as the major disadvantage of small firms.