A surety bond is a great way for a consumer to maintain purchasing power. Surety bonds can be used for a number of items, but they truly are helpful when you are working on a project that requires a contract. The construction industry gives important purpose to the idea of getting a surety bond.
If you want to buy a hotel and an independent contractor says they will not only do the project for you, but they will get it done in six months then a surety bond is one way to make sure they honor such a commitment. You want to be able to get the project done on budget. Keeping matters on budget is crucial.