The infographic titled “Who Requires Contract Surety Bonds?” by Suretegrity provides a clear, concise, and visually engaging explanation of the industries, professionals, and projects that mandate contract surety bonds. Designed with clean graphics, icons, and straightforward language, the infographic makes it easy for contractors, project managers, and business owners to understand bond requirements in various sectors.

 

It begins by defining a contract surety bond as a financial guarantee ensuring a contractor fulfills contractual obligations. The infographic then breaks down key types of contract surety bonds, including bid bonds, performance bonds, and payment bonds, each with its specific purpose in safeguarding project stakeholders. Next, it lists who typically requires these bonds, highlighting federal, state, and local governments for public works projects, as well as private project owners who seek added protection for large-scale or high-risk jobs.

 

The infographic also notes that certain industries—such as construction, engineering, and manufacturing—commonly encounter bond requirements as part of contract compliance. Additionally, the infographic emphasizes how surety bonds build trust, reduce project risk, and provide legal and financial recourse if a contractor defaults. Overall, it serves as an accessible educational resource for anyone navigating construction or service contracts.