Why Performance Bonds Are a Game-Changer for Asheville, North Carolina Contractors

From our perspective, contractors in Asheville, North Carolina are increasingly expected to deliver more than just quality work—they’re expected to show proof of responsibility and financial backing. A Performance Bond serves as that proof, assuring project owners that the job will be completed to contract terms.

What Is a Performance Bond and How It Applies to Asheville, North Carolina Projects

• Principal = You, the contractor

• Obligee = City of Asheville or another owner

• Surety = The bond provider ensuring you fulfill your contract

• Required for public and often private work in the region

• Mandated under North Carolina G.S. § 44A-26

Understanding how Performance Bonds differ from tools like insurance—and how they outperform risk tools like government bonds performance in certain contract settings—gives local contractors a clear edge in project security.

Don’t Let Confusion Cost You—Know Asheville, North Carolina’s Bonding Rules

We’ve noticed that Asheville contractors often underestimate how strictly bonding laws are enforced—or misunderstand what a bond even covers.

Three Misconceptions That Can Derail Your Asheville, North Carolina Project

If you’re bidding on a City of Asheville project above $300,000—or a North Carolina state job over $500,000—a Performance Bond isn’t optional. It’s the law under § 44A-26.

Tap Into Swiftbonds’ Local Knowledge for Faster Bonds in Asheville, North Carolina

Based on our experience, Asheville-area contractors need bonding partners who understand both the law and the local process. That’s exactly what Swiftbonds offers.

Why Smart Contractors in Asheville, North Carolina Choose Swiftbonds First

• We analyze bid documents from the City of Asheville

• We issue bonds in 24–48 hours

• We serve contractors of all sizes

• We simplify the process to keep projects moving

Secure Your Asheville, North Carolina Bond in 5 Easy Steps

What we’ve discovered is that when contractors have a clear roadmap, bonding becomes a strategic advantage—not a paperwork hurdle.

Your Bonding Checklist for Asheville, North Carolina Success

1. Read your contract – Check for bond requirements or references to G.S. § 44A-26

2. Know your number – Your bond amount equals your full contract value

3. Apply fast – Swiftbonds keeps it simple online

4. Get reviewed – Our underwriters move quickly

5. Get bonded – We issue electronic or physical documents as needed

Act Early or Risk Losing Your Asheville, North Carolina Bid

We’ve found that waiting on a bond is one of the top reasons contractors lose opportunities in Asheville’s competitive market.

What Happens If You Delay Bonding in Asheville, North Carolina?

• Permits can’t be pulled

• Public bids get tossed out

• GCs won’t wait—they’ll choose someone else

See our Performance Bonds in Greenville, North Carolina page

Avoid Costly Mistakes—Skipping Bonds in Asheville, North Carolina Isn’t Worth It

In our observation, the financial fallout from missing a Performance Bond requirement can be devastating—especially for small businesses.

Three Major Risks Asheville, North Carolina Contractors Face Without a Bond

• Legal action from public agencies

• Termination of awarded contracts

• Personal liability for costs the surety must recover

Unlock Competitive Advantage with Swiftbonds in Asheville, North Carolina

We’ve learned that successful contractors don’t just meet bond requirements—they use them to stand out. Swiftbonds helps you do both.

How Asheville, North Carolina Builders Win with Swiftbonds

Know the Law—Asheville, North Carolina Bond Requirements You Can’t Skip

Local compliance isn’t optional. Asheville contractors must understand the thresholds laid out in North Carolina General Statute § 44A-26.

Bonding Thresholds for Asheville, North Carolina Projects

• Local Public Jobs: Bonds required over $300,000

• State-Funded Projects: Bonds required above $500,000

• Individual Contractor Rule: Bond needed if your portion is over $50,000

​In Asheville, North Carolina, performance bonds are essential for ensuring that contractors fulfill their obligations on public construction projects. These bonds protect the city’s investments by guaranteeing project completion and adherence to contractual terms.​

North Carolina General Statute § 44A-26

Under North Carolina General Statute § 44A-26, performance and payment bonds are mandated for public construction projects exceeding specific thresholds:​

• For State Departments, Agencies, and the University of North Carolina System: Bonds are required when the total amount of construction contracts awarded for a project exceeds $500,000.​

• For Other Public Entities, Including Municipalities Like Asheville: Bonds are required when the total amount of construction contracts awarded for a project exceeds $300,000.​

Specifically, any contractor or construction manager at risk with a contract exceeding $50,000 must provide:​

1. Performance Bond: Equal to 100% of the contract amount, ensuring faithful performance in accordance with contract terms.​

2. Payment Bond: Equal to 100% of the contract amount, guaranteeing prompt payment to all persons furnishing labor or materials.​

These bonds must be executed by surety companies authorized to operate in North Carolina and become effective upon the awarding of the construction contract. ​

City of Asheville’s Bonding Requirements

The City of Asheville has specific bonding requirements for various projects:​

• Erosion Control Bonds: Developers pulling a permit for construction that disturbs more than five acres of land in Asheville must furnish an Erosion Surety Bond (Sedimentation Bond) to ensure that an unfinished development can be restored to state erosion, sedimentation, and revegetation standards.

• Construction Bonds for Franchisees: Franchisees are required to provide a performance bond in an amount equal to at least 100% of the estimated cost of constructing a rebuild of all or any portion of the cable system within the public rights-of-way of the city. This bond guarantees timely completion of construction, compliance with applicable laws and regulations, proper location of facilities, restoration of public rights-of-way, submission of “as-built” drawings, and timely payment for labor, materials, or services. ​

Government Resources for Bonding Compliance in Asheville, NC

• City of Asheville – Development Services
  https://www.ashevillenc.gov/department/development-services/

• City of Asheville – Code of Ordinances
  https://codelibrary.amlegal.com/codes/ashevillenc/latest/asheville_nc/0-0-0-2450

• North Carolina General Statute § 44A-26
  https://ncleg.net/EnactedLegislation/Statutes/PDF/ByArticle/Chapter_44A/Article_3.pdf

Top Questions About Performance Bonds in Asheville, North Carolina—Answered

Does every public job in Asheville, North Carolina require a bond?

We’ve often noticed this confusion. If your contract is over $300,000 with the city, or $500,000 with the state, then yes—a Performance Bond is required by law.

Are Performance and payment bonds the same thing in Asheville, North Carolina?

We’ve often noticed contractors lump them together. They’re different—Performance Bonds guarantee the job is done; payment bonds ensure others on the job get paid.

Can a small Asheville contractor get bonded easily?

We’ve often noticed small businesses hesitate. Swiftbonds offers bonding solutions designed for new and small businesses working on local projects.

Can I use an electronic bond on Asheville, North Carolina jobs?

We’ve often noticed urgency is a concern. Yes—Swiftbonds issues electronic bonds approved for city and county use.

What happens if a claim is filed against my bond in Asheville, North Carolina?

We’ve often noticed this causes anxiety. If the claim is valid, the surety pays—but you are fully responsible for repaying that amount.

Finish Strong—Get the Right Performance Bond for Your Asheville, North Carolina Job

We’ve come to appreciate that most contractors in Asheville simply want to get the job done—with the right tools and the right partners. That includes a compliant, fast, and reliable Performance Bond.

Swiftbonds is ready to help. Whether you’re working for the City of Asheville, the state, or a private client, our team helps you meet legal obligations, submit better bids, and protect your future.

Get your bond today. Swiftbonds makes it easy.

See our Performance Bonds in Concord, North Carolina page

Testimonials from Asheville, North Carolina Clients

Emily R. – Asheville, NC
“Securing a performance bond for our municipal project in Asheville was seamless with Swiftbonds. Their expertise ensured we met all local requirements promptly.”​

James T. – Asheville, NC
“Navigating Asheville’s bonding regulations seemed daunting, but Swiftbonds made the process straightforward and efficient. Highly recommend their services.”