Performance Bond Calculator
Managing construction or contract performance bonds? Calculate bond expiration dates, claim filing deadlines, and surety release timelines.
Enter your contract details
The date your contract begins
Length of your contract (in days, weeks, months, quarters, or years)
What this calculator tells you
Contract end date
The exact date your contract term expires based on start date and duration
Time remaining
How many days are left until your contract ends so you can plan ahead
Renewal window
Whether you are approaching a renewal period that may require action
Expiration status
Whether the contract has already ended or is still active
Frequently asked questions
Frequently asked questions about performance bond calculator
Performance bonds typically remain in effect through contract completion plus a claim tail period (often 1-2 years after final completion). Some bonds require formal release by the obligee, while others expire automatically after the specified term.
Claim filing deadlines vary but typically range from 1-2 years after contract completion or bond expiration. Some bonds require notice of potential claims within 90-180 days of discovering the issue, with formal claims following later.
Sureties cannot unilaterally cancel performance bonds once issued. However, if premiums are not paid, some bonds include cancellation provisions with 30-60 days notice. The obligee must consent to early release of performance bonds.
Sureties typically have 30-90 days to investigate and respond to performance bond claims. If the claim is valid, the surety must either finance completion of the work or hire a replacement contractor, usually within 60-120 days of claim validation.
Explore more
Templates, tools, and calculators related to this topic.