Bonds

Wage & Welfare Bonds - a financial guarantee of the faithful payment of union dues and benefits for the specific local.

Surety Bonds - form of 'insurance' acquired by a contractor (usually required by an owner or entity engaging the services of a contractor) whereby, if the contractor defaults (i.e. is unable, for whatever reason, to complete the work that it contracted for) the surety will take over the completion of the project, sometimes using the contractor's own forces or, more commonly, engaging the services of another contractor to complete the work.

Performance Bonds - A bond that guarantees performance of a contract