Bond Cost Calculator
Payment and performance bond premium from contract value.
Inputs
%
Results
Total Bond Premium ($)
$8,500
Base Premium ($)$8,500
Adjusted Premium ($)$8,500
Duration Surcharge ($)$0
Effective Rate (%)1.7%
Monthly Premium Cost ($)$708.33
How to Use This Calculator
- Enter the total contract value in dollars — this is the amount the bond must cover.
- Select the bond type: 0 for payment and performance combined, 1 for performance only, or 2 for payment only.
- Enter a credit/risk adjustment percentage — positive values increase the premium for higher-risk contractors, negative values apply preferred-contractor discounts.
- Enter the expected project duration in months; projects exceeding 12 months incur a duration surcharge.
- Read the base premium, adjusted premium, duration surcharge, total bond premium, and effective rate as a percentage of contract value.
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