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Performance and Maintenance Bond

A Performance and Maintenance Bond is required by the City of Liberty, Missouri for contractors or developers working on city projects. This bond protects the city by guaranteeing that the work will be completed according to contract terms and that any necessary maintenance will be performed during a specified warrant…

Bond amountVaries by license type or project
State or jurisdictionMissouri
ObligeeCity of Liberty, Missouri

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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2323 yearsHelping clients and agents
Overview

What it is.

A Performance and Maintenance Bond is required by the City of Liberty, Missouri for contractors or developers working on city projects. This bond protects the city by guaranteeing that the work will be completed according to contract terms and that any necessary maintenance will be performed during a specified warrant…

Who usually needs it

General contractors or principals bidding on or awarded public construction projects in Missouri, particularly those performing right-of-way (ROW) restoration work or projects exceeding thresholds like $25,000 or $50,000 under Missouri's Little Miller Act (Mo. Rev. Stat. § 107.170). The bond ensures project completion per contract terms and covers post-comp…

Pricing & timing

What to expect.

Generic pricing

Performance bonds guarantee that a contractor will complete a project according to the contract terms. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value (one-time upfront premium). • Larger contracts: Rates generally scale lower as contract size increases. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. • Full underwriting required: Credit, financials, experience, and bonding history reviewed. Performance bonds are typically required for public construction projects and many private projects. Bond amounts are usually 100% of the contract value. Rates may be higher when risk factors a…

Your quote determines the actual premium.

Typical timeframe

Full underwriting required — typically 3–5 business days

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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