High Point, North Carolina Contractors Want Confidence—Here’s How to Get It

From our perspective, High Point, North Carolina contractors face a demanding construction landscape. Between managing materials, coordinating labor, and hitting critical deadlines, the last thing any contractor wants is a project derailed by financial uncertainty. That’s where contractor performance bonds come in—offering reassurance to public agencies and private developers alike that the work will be completed as promised.

If you're bidding on public works or large-scale private projects in High Point, understanding how contractor performance bonds operate isn't just helpful—it’s often required. But navigating bond requirements can feel overwhelming, especially when terms like "surety," "obligee," and "principal" get thrown around with no clear explanation. Swiftbonds is here to change that.

Why Performance Bonds Are Confusing in High Point, North Carolina

We’ve noticed that many High Point contractors struggle with performance bond requirements due to outdated information, vague language in contracts, and inconsistent standards across municipalities. Some builders believe they can skip this step altogether—until they’re disqualified from a bid or asked for a bond on short notice.

Others are confused about how contractor performance bonds compare to insurance or warranties. They're not the same. These bonds protect project owners—not the contractor—by guaranteeing the agreed-upon work will be done. If the contractor defaults, the surety covers the costs to complete the job, then seeks reimbursement from the contractor.

It’s not just about compliance; it’s about being credible and ready to take on projects that matter. But confusion around how bonds work can stop contractors from growing their businesses.

Swiftbonds Supports High Point, North Carolina Builders at Every Step

Based on our experience, contractors in High Point want fast, accurate bonding solutions. That’s exactly what Swiftbonds provides. With years of surety bond expertise and a reputation for simplifying complex requirements, Swiftbonds stands as a trusted partner—not just a provider.

Clients rely on Swiftbonds for:

• Same-day bonding for qualifying contractors

• Transparent pricing without hidden fees

• Direct access to surety experts

• Personalized assistance tailored to High Point’s local regulations

Whether you’re working with the City of High Point or bidding on a North Carolina DOT project, Swiftbonds helps you meet requirements the first time—no guesswork needed.

Simple Steps for Getting Bonded in High Point, North Carolina

What we’ve discovered is that contractors succeed when they follow a simple, proactive plan:

1. Understand When Performance Bonds Are Required
   In High Point, most public construction jobs over $300,000 require bonds. Private jobs may also include bonding clauses in contracts.

2. Gather Basic Info
   Have your project details, license info, business history, and financials ready.

3. Request a Free Quote
   Swiftbonds offers fast quotes tailored to your bond amount and qualifications.

4. Get Approved and Issued
   Qualified applicants can receive their bond within 24 hours.

5. Present Your Bond with Confidence
   Deliver your bond with your bid or contract documents to show you're ready and reliable.

By following these steps, contractors can remove friction from the bidding process and stand out as trustworthy professionals.

High Point, North Carolina Contractors Shouldn’t Delay Bonding

We’ve found that contractors who delay getting bonded risk more than just missed bids—they risk their reputation. If you don’t have your Performance Bond ready when a contract requires it, you may:

• Miss critical project opportunities

• Appear unprepared to project owners

• Pay higher premiums under rush conditions

• Lose out to more organized competitors

Being proactive doesn’t just protect your bid; it enhances your brand.

See our Performance Bonds in Wilmington, North Carolina page

Why High Point, North Carolina Builders Trust Swiftbonds for Performance Bonds

We’ve learned that success in bonding isn’t just about approvals—it’s about peace of mind. Swiftbonds makes contractor performance bonds easier by providing:

• Clear guidance through every step

• Competitive rates with top-rated sureties

• Fast turnaround times

• Full transparency so you know what you’re signing up for

High Point contractors who use Swiftbonds don’t waste time wondering what happens next. They get bonded, win jobs, and build their businesses with confidence.

High Point, North Carolina Bond Law and Construction Compliance

Performance Bond requirements in High Point are governed by North Carolina General Statute § 44A-26, which applies to public construction contracts throughout the state:

• State Projects (including UNC System): Bonds required when contracts exceed $500,000

• Municipal Projects (including High Point): Bonds required when contracts exceed $300,000

• Any contract over $50,000 also requires a Performance Bond and Payment Bond from licensed contractors or construction managers at risk.

Reference: North Carolina General Assembly – § 44A-26

Swiftbonds helps contractors stay compliant with these statutes and bid confidently on government-funded and private-sector projects across High Point.

City of High Point's Bonding Requirements

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

• Land Improvement Bond: Developers seeking final plat approval or a certificate of occupancy prior to completing land improvements must obtain a Land Improvement Bond. The bond amount is set at 125% of the estimated cost to complete all required improvements, both public and private. ​

• Erosion Control Surety: For land-disturbing projects greater than an acre, a surety is required. The amount is based on $2,000 per disturbed acre and is refundable once the site is stabilized with sufficient ground cover to prevent erosion. ​High Point NC

• Insulation Contractor Bond: Insulation contractors operating in High Point are required to purchase a $2,000 surety bond as part of the application process to obtain a business license. This bond ensures that the public will receive compensation for financial harm if the contractor violates licensing laws. ​BondExchange

Government Resources for Bonding Compliance in High Point, NC

• City of High Point – Development Ordinance
  https://library.municode.com/nc/high_point/codes/development_ordinance

• City of High Point – Erosion Control Surety
  https://www.highpointnc.gov/1005/Erosion-Control-Surety

• North Carolina General Statute § 44A-26
  https://www.ncleg.net/enactedlegislation/statutes/html/bysection/chapter_44a/gs_44a-26.html

Frequently Asked Questions – High Point, North Carolina

What’s the difference between a Performance Bond and liability insurance?

We’ve often noticed that contractors confuse these two. A Performance Bond protects the project owner if the contractor fails to perform, while liability insurance protects the contractor from third-party claims like property damage or injury.

Do High Point, North Carolina residential projects require Performance Bonds?

We’ve often noticed that most residential projects don’t require bonds unless specified by contract. However, large-scale developments or projects involving public utilities may still require them.

Can I get bonded in High Point, North Carolina with bad credit?

We’ve often noticed that contractors with credit challenges can still qualify. Swiftbonds offers options for high-risk applicants, though premiums may be higher.

How long does it take to get a Performance Bond in High Point, North Carolina?

We’ve often noticed that most bonds are issued within 24–48 hours for qualified applicants who submit complete documentation.

Are Performance Bonds in High Point, North Carolina refundable if the project is canceled?

We’ve often noticed that bond premiums are generally non-refundable once the bond is issued, but exceptions exist if the bond is returned unused and the surety agrees.

Conclusion – Why High Point, North Carolina Contractors Choose Swiftbonds

We’ve come to appreciate that High Point contractors want more than just approvals—they want a partner who understands the real-world demands of building in North Carolina. Swiftbonds brings that support, offering clarity, speed, and peace of mind.

If you're bidding on public projects in High Point or want to expand your opportunities, getting your contractor performance bonds through Swiftbonds is the smart next move. Let’s simplify the bonding process so you can focus on what you do best—building great things.

See our Performance Bonds in Greenville, North Carolina page

Testimonials from High Point, North Carolina Clients

David M. – High Point, NC
"Securing a performance bond for our municipal project in High Point was seamless with Swiftbonds. Their expertise ensured we met all local requirements promptly."​

Linda S. – High Point, NC
"Navigating High Point's bonding regulations seemed daunting, but Swiftbonds made the process straightforward and efficient. Highly recommend their services."