The Surety Bond Experts™
75 Port City Landing | Suite 130
Mt Pleasant SC 29464
(866) 372-0827
75 Port City Landing | Suite 130
Mt Pleasant SC 29464
(866) 372-0827
The South Carolina Department of Transportation mandates or requires the SC Payment & Performance Bond for contractors working on public construction projects to ensure project completion and payment to subcontractors and suppliers.
In South Carolina, additional qualifications for obtaining a Payment & Performance Bond may include demonstrating financial stability, providing a detailed business plan, and having a strong credit history, although specific requirements can vary depending on the bonding company.
The cost of a South Carolina Payment & Performance Bond typically depends on the total value of the contract, the financial stability of the contractor, and the specific requirements of the project, often ranging from 1% to 3% of the bond amount.
With instant approval, applicants can quickly secure the South Carolina Payment & Performance Bond, with the bond’s duration clearly stated on the bond document.
To receive instant approval for your Payment & Performance Bond in South Carolina, click the apply now button to secure your bond today.
The obligee for a South Carolina Payment & Performance Bond is typically the entity requiring the bond, which is often a government agency or project owner. For generic obligee information related to South Carolina, you can refer to the South Carolina Department of Transportation (SCDOT) as they are a common obligee for such bonds in construction projects.
Here is a link to the South Carolina Department of Transportation:
From Palmetto Surety Corporation, your trusted partner for all surety bond needs!
Get your surety bond quickly with our streamlined approval process.
We offer some of the most competitive rates in the industry, ensuring you get the most affordable surety bonds.
Get your surety bond quickly with our streamlined approval process.
We offer some of the most competitive rates in the industry, ensuring you get the most affordable surety bonds.
Request a Quote: Click the “Apply Now” link to get started. For most bonds, you’ll see the price immediately on the application. If your bond requires a credit check or underwriting, you’ll receive an instant quote after completing our quick and easy application.
Approval Process: Many surety bonds are available for instant issue, with approval granted immediately after your online payment. For bonds that require underwriting, our team will review your application and provide fast approval—typically within hours, not days.
Receive Your Surety Bond: Once approved, you’ll receive your bond via email in PDF format. After signing the required documents through DocuSign and completing the online payment, your bond is ready to go!
Get started with our fast and easy application process. Submit your details, and you'll be approved in minutes.
At Palmetto Surety Corporation, most of our bonds are issued instantly, meaning you’ll receive immediate approval. For bonds that require manual review and underwriting (based on credit score), we typically provide approval within minutes of submitting your application, and no later than 24 hours.
When it's time to renew your bond, you will receive a notice from the surety bond company prior to the surety bond's expiration date. To extend your bond for another term, simply provide any updated information and pay the renewal premium. Be sure to renew on time to avoid any gaps in coverage, as this could result in non-compliance with the surety bond's regulations.
