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$100K-$1M+ Contract Values

IT Performance Bonds for Government Contracts

Software vendors, MSPs, and IT consultants: Performance bonds unlock federal and state technology contracts worth billions. Here's what you need to know about bonding requirements, costs, and getting approved.

1-3%
Good Credit Rate
24-48hr
Approval Time
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$1M+
Contract Access
24-48hr
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50 States
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Why IT Companies Need Performance Bonds

Technology contracts have unique requirements and opportunities

Federal Agencies

DOD, GSA, DHS, and VA require performance bonds for IT contracts over $150,000, especially for system implementations and software development.

State & Local

State requirements vary widely. Some require bonds for all IT contracts over $50,000, others only for critical infrastructure projects.

High-Risk Projects

Critical infrastructure, healthcare systems, and financial applications almost always require performance bonds regardless of contract size.

IT Bond Application Process

What to expect when applying for your first IT performance bond

1

Pre-qualification

  • Company overview
  • Financial snapshot
  • Project experience
2

Documentation

  • 3 years tax returns
  • Financial statements
  • Project references
3

Underwriting

  • Financial analysis
  • Credit review
  • Experience verification
4

Bond Execution

  • Rate confirmation
  • Agreement signing
  • Bond delivery

Frequently Asked Questions

What is an IT performance bond?
An IT performance bond guarantees that a technology company will complete their contract according to specifications. Required by many state and federal agencies for system implementations, software development, and technology services. Cost typically 1-3% of contract value annually.
How much do IT performance bonds cost?
IT performance bonds typically cost 1-3% of the contract value annually for established companies with good credit. For a $500,000 contract, expect to pay $5,000-$15,000 per year. Newer companies or those with poor credit may pay 3-10%.

Related Performance Bonds

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Facility Mgmt
Building ops
Maintenance
Repair services

Official Resources

U.S. Department of Treasury - Surety Bond Program

Official list of Treasury-certified surety companies authorized to write federal bonds

Small Business Administration - Surety Bond Guarantee Program

SBA bonding assistance for small contractors on federal and private contracts

Written by BuySuretyBonds.com
Licensed surety bond agency operating nationwide with direct integrations to Treasury-certified surety carriers. Our platform enables instant approval for license and notary bonds, with 24-48 hour underwriting for commercial bonds. All content is researched from official state and federal sources (.gov) and reviewed by licensed insurance professionals.
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Performance bonds open doors to billions in federal and state technology contracts. Start your application today.

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