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Kansas Construction Surety Bonds

Contractors in Kansas need construction bonds that help meet owner expectations on competitive projects. Surety Bonds Agent supports your request with clear steps and experienced guidance. Request a fast, free quote online.

Contact Us for a Free Construction Bond Quote

It’s easy with our simple 3-step process:

  1. Apply Online
  2. Get Quote
  3. Receive Bond
about bond type

What Is a Kansas Construction Bond?

Kansas construction bonds are surety bonds that provide protection for the owners of construction projects, both government-funded and private, against financial losses resulting from a contractor’s failure to comply with regulatory or contractual requirements. Each construction bond requires the contractor who purchases it to comply with specific statutory and contractual obligations and to pay monetary damages resulting from noncompliance.

img What Types of Kansas Construction Bonds May Be Needed?

While contractor license bonds are not required at the state level, a number of local jurisdictions in Kansas do have their own licensing and bonding rules.

Kansas’s “Little Miller Act” requires performance bonds and payment bonds for state-funded construction projects valued above $100,000. Technically, private construction projects in Kansas are also subject to the bonding requirements of the state’s Little Miller Act, though in practice, this often is regarded as optional. Additionally, both government and private project owners may require bid bonds when contracts are awarded through competitive bidding.

Other construction bonds that may be required by both public and private project owners include:

  • Maintenance bonds
  • Subdivision/site improvement bonds
  • Supply bonds
  • Solar decommissioning bonds
  • Right of Way bonds
  • Contractor license bonds
img How Does a Kansas Construction Bond Work?

Every Kansas construction bond is legally binding on three parties, which are referred to as the:

  • Obligee—the project owner requiring the bond
  • Principal—the contractor purchasing the bond
  • Surety—the bond’s guarantor

Although the legal obligation to pay valid claims against a Kansas construction bond falls squarely on the principal’s shoulders, the surety guarantees their payment. Here’s how that guarantee works. The obligee establishes a line of credit for the principal when the bond is purchased. If a valid claim is submitted, the surety will pay it on the principal’s behalf as an extension of credit to the principal. The principal must subsequently repay the resulting debt to the surety or face legal action to recover the funds.

costs

How Much Does It Cost?

The annual premium for a Kansas construction bond is calculated by multiplying the bond amount by the premium rate, which the surety assigns to each principal on a case-by-case basis. The premium rate reflects the surety’s assessment of the risk of not being repaid for credit extended to the principal. The accepted measure of that risk is the principal’s personal credit score.

A high credit score means the risk to the surety is low, so the premium rate also will be low. A low credit score means higher risk, which warrants a higher premium rate.

The premium rate for a principal with good credit usually is in the range of 1% to 3%.

step by step guide

How Do Kansas Construction Bonds Work?

  • Choose Your Bond Type

    Select the bond you need — commercial, contract, or any specialized bond. We help you find exactly what is required in your state.

  • Submit a Quick Application

    Complete a short online form. It only takes a few minutes, with no extra paperwork or long verification steps.

  • Get Approved & Receive Your Bond

    Get fast approval and receive your bond instantly by email. Your document is ready to use right away.

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Why Work With Us?

Easy Application Process

Simply fill out our convenient online application form to get started.

Extensive Carrier Network

We work with a wide range of carriers to provide many options to our clients.

Competitive Rates

As an independent agency, we can leverage our carrier network to find the most competitive rates for the bonds you need.

Quick Turnarounds

We work to get you bonded as quickly as possible, often in 24 hours or less.

Exceptional Service

Our experienced surety bond agents provide personalized assistance to help you understand your bonding requirements and options.

Call us Today!

And get a free consultation.

866-362-6637
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Our Insurance Company Partners Nationwide

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Testimonials

What our customers say about us

Super easy process. I found the bond I needed in minutes and received the approved document the same day. Great experience overall.

Emily R., Business Owner
Contractor

The application was fast, the support team was responsive, and the pricing was clear. Very smooth and professional. Everything was explained clearly, and I appreciated how quickly I received my bond.

Jason M., Contractor
Small Business Owner

Super easy process. I found the bond I needed in minutes and received the approved document the same day. Great experience overall.

Emily R., Business Owner
Oberman & Oberman

The application was fast, the support team was responsive, and the pricing was clear. Very smooth and professional. Everything was explained clearly, and I appreciated how quickly I received my bond.

Jason M., Contractor
Oberman & Oberman

Request a Quote

Request an online quote today! Or speak with one of our knowledgeable surety bond agents about the commercial bonds you are interested in.

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