The ConsensusDocs 707 is a standard Subcontractor bond that can be requested by a Constructor (aka builder, general contractor, design-builder, construction manager) from a Subcontractor to guarantee the Subcontractor will pay laborers and material suppliers. This standard payment bond be used for public or private work projects.

Included in:

Full Package, Owner Package, Design/Builder Package, Sub Contracting Package, Design Pro Package, Consultant Package, Short Forms

contract-graphic

This standard Subcontractor bond can be requested by a Constructor (aka builder, general contractor, design-builder, construction manager) from a Subcontractor to guarantee the Subcontractor will pay laborers and material suppliers. This standard payment bond be used for public or private work projects.

Purchase Options

See Below To Find Out Which Packages Include This Contract

Full Package
check-circle-green

Best Value!

Design / Builder
check-circle-green
Subcontracting
check-circle-green
Design Pro
check-circle-green
Consultant
check-circle-green
Short Forms
check-circle-green

Case Studies

Client Success Stories Using This Contract

The difficult economic climate has underscored the importance of carefully-crafted, industry-accepted standard form documents. In such a climate, some parties may try to overreach on terms and conditions, adopting a short-term, and hopefully, short-lived strategy that ultimately is counterproductive to their interests. ConsensusDocs forms demonstrate the contract practices that fairly balance interests, benefitting construction projects and participants. Such a resource is invaluable to the construction industry. NASBP believes that the new agreement form editions come at an opportune time to expedite and stabilize industry transactions.

Mark H. McCallum, CEO, National Association of Surety Bond Producers (NASBP), Washington, D.C.