skip to main content
Travelers Logo
  • About
  • Careers
  • Agents
  • Investors
  • Sustainability
  • Contact Us
  • For Individuals
    • Overview
    • Products
      • Car
      • Home
      • Renters
      • Condo
      • Landlord
      • Boat & Yacht
      • Flood
      • Motorcycle
      • Travel
      • Pet
      • Weddings
      • Umbrella
      • All Products
    • Prepare & Prevent
      • Insurance 101
      • Home Central
      • Travelers Garage
      • Managing Through COVID-19
    • Affinity Group Discount
    • Online Service
    • Pay Your Bill
      • Get a Quote
      • Find an Agent
      • File a Claim
      • Pay Your Bill
  • For Business
    • Overview
    • Products & Solutions
      • Overview
      • Boiler & Machinery
      • Commercial Auto & Trucking
      • Cyber
      • Environmental Liability
      • Excess Casualty & Umbrella
      • General Liability
      • Global Insurance
      • Inland Marine
      • Management & Professional Liability
      • Ocean Marine
      • Property
      • Business Owner's Policy
      • Surety Bonds
      • Workers Compensation
        • Find an Agent
        • File a Claim
        • Pay Your Bill
    • Industries
      • Overview
      • Agribusiness
      • Architects, Engineers & Surveyors
      • Auto & Truck Dealers
      • Business & Professional Services
      • Construction
      • Education
      • Energy & Renewable
      • Equipment Dealers
      • Financial Institutions
      • Food Services
      • Health & Related Services
      • Hospitality & Recreation
      • Manufacturing
      • Marine Industries
      • Museums & Fine Art
      • Non-Profit
      • Oil & Gas
      • Public Entities
      • Real Estate
      • Retail
      • Technology
      • Transportation
      • Wholesale & Distribution
        • Find an Agent
        • File a Claim
        • Pay Your Bill
    • Services
      • Overview
      • Risk Control
      • Claim
      • Premium Audit
      • Online Customer Tools
      • Risk Management Information Services
      • Travelers Client Advantage
        • Find an Agent
        • File a Claim
        • Pay Your Bill
    • Small Business
      • Overview
      • Automobile Insurance
      • Business Owner's Policy
      • Data Breach
      • Employment Practices Liability
      • Professional Insurance
      • Umbrella Insurance
      • Workers Compensation Inurance
        • Find an Agent
        • File a Claim
        • Pay Your Bill
    • Large Business
      • Overview
      • Casualty
      • Cyber
      • Management & Professional Liability
      • Property
        • Find an Agent
        • File a Claim
        • Pay Your Bill
    • Multinational Business
    • Prepare & Prevent
      • By Topic
      • By Industry
      • Navigating Your Business Through COVID-19
        • Find an Agent
        • File a Claim
        • Pay Your Bill
      • Find an Agent
      • File a Claim
      • Pay Your Bill
  • Claim Center
    • Claim Center
    • Should I File a Claim?
    • File a Claim
    • Roadside Assistance
    • Find a Service Provider
    • Check Your Claim Status
    • Manage Your Claim Experience
      • Understanding the Claim Process
      • Claim Guide Library
      • Workers Compensation Resources
    • Claim Capabilities
      • Get a Quote
      • Find an Agent
      • File a Claim
      • Pay Your Bill
  • Prepare & Prevent
    • For Individuals
    • Home Central
      • Buying & Selling
      • Home Maintenance
      • Home Renovation
      • Home Safety
      • Moving
      • Smart Home
    • Travelers Garage
      • Buying & Selling
      • Car Maintenance
      • Distracted Driving
      • Safe Driving
      • Teen Driving
      • Boating
    • Insurance 101
    • Weather
    • For Business
    • Industries
      • Construction
      • Manufacturing
      • Nonprofit
      • Small Business
      • Technology
    • Topics
      • Business Continuity
      • Cyber
      • Driver and Fleet Safety
      • Facilities Management
      • Internet of Things
      • Product and Services Liability
      • Supply Chain Management
      • Workplace Safety
    • Travelers Risk Index
      • Get a Quote
      • Find an Agent
      • File a Claim
      • Pay Your Bill
  • About Travelers
    • Overview
      • Awards & Recognition
      • Careers
      • Community
      • Diversity & Inclusion
      • Sustainability
      • History
      • Investors
      • Media Resources
      • News
      • Travelers Championship
      • Travelers Institute
      • Get a Quote
      • Find an Agent
      • File a Claim
      • Pay Your Bill
    • Get a Quote
    • Find an Agent
    • File a Claim
    • Pay Your Bill
Main Navigation
  • For Individuals
      • Insurance for Individuals
      • Products
        • Car
        • Home
        • Renters
        • Condo
        • Landlord
        • Boat & Yacht
        • Flood
        • Motorcycle
        • Travel
        • Pet
        • Weddings & Events
        • Umbrella
        • More
      • Prepare & Prevent
        • Insurance 101
        • Home Central
        • Travelers Garage
      • Affinity Group Discount
      • Online Service
      • Pay Your Bill
    • Get a home quote now

      It's easy to get a free quote for home insurance from Travelers in just a few minutes.

       

      Get a home quote now
  • For Business
      • Products & Solutions
        • Commercial Auto & Trucking
        • Cyber
        • General Liability
        • Management & Professional Liability
        • Property
        • Business Owner's Policy
        • Surety Bonds
        • Workers Compensation
        • More
      • Industries
        • Construction
        • Energy & Renewable
        • Financial Institutions
        • Healthcare
        • Manufacturing
        • Real Estate
        • Technology
        • Transportation
        • More
      • Prepare & Prevent
      • Services
        • Risk Control
        • Claim
        • Premium Audit
        • More
      • Pay Your Bill
      • Small Business
      • Large Business
      • Multinational Business
      • For Business Overview
    • Tips for Managing Risks Related to a Remote Workforce

      Tips for Managing Risks Related to a Remote Workforce

      With the current reality of more employees working from home through the pandemic, is your business ready for all the implications?

      Learn more
  • Claim Center
      • Claim Center
      • Should I File a Claim?
      • File a Claim
      • Roadside Assistance
      • Find a Service Provider
      • Check Your Claim Status
      • Manage Your Claim Experience
        • Understanding the Claim Process
        • Claim Guide Library
        • Workers Compensation Resources
      • Claim Capabilities
    • Send us your receipts, photos, invoices and more with just a push of a button.

      Securely share information with your Claim team.

      Send us your receipts, photos, invoices and more with just a push of a button.

      Upload a File
  • Prepare & Prevent
      • For Individuals
      • Home Central
        • Buying & Selling
        • Home Maintenance
        • Home Renovation
        • Home Safety
        • Moving
        • Smart Home
      • Travelers Garage
        • Buying & Selling
        • Car Maintenance
        • Distracted Driving
        • Safe Driving
        • Teen Driving
        • Boating
      • Insurance 101
      • Weather
      • For Business
      • Industries
        • Construction
        • Energy
        • Manufacturing
        • Nonprofit
        • Small Business
        • Technology
      • Topics
        • Business Continuity
        • Cyber
        • Driver and Fleet Safety
        • Facilities Management
        • Internet of Things
        • Product and Services Liability
        • Supply Chain Management
        • Workplace Safety
      • Travelers Risk Index
    • Managing Through COVID-19

      Managing Through COVID-19

      Resources to help you adapt to the realities of COVID-19.

      Learn more
  • Home
  • Surety Bonds
  • Contract Surety
  • Performance Bonds

Expedited Dispute Resolution: A Different Kind of Performance Bond

Travelers meets performance bonding needs and offers a performance bond called an Expedited Dispute Resolution (EDR) bond. An EDR performance bond includes a contractually determined maximum period for responding to or disputing a claim. In other words, claim processing is expedited compared to the claim process for a typical performance bond.

The key benefit of an EDR performance bond is that it combines the coverage of a standard performance bond and also minimizes project disruption; it also helps avoid costly delays by allowing work to continue during claim processing or a dispute. Our streamlined claims-handling and adjudication process resolves disputes within 45 days and offers up to a 100% performance guarantee. An EDR performance bond is available for projects in the United States and Canada.

We help you manage risk with contractor selection, project prequalification and ongoing monitoring. When claims do arise on a construction site, quick resolution can save the schedule, the budget and your reputation. With a Travelers EDR Performance Bond, you can be confident that your construction project will stay on track.

What Is a Performance Bond?

A performance bond is a surety bond that protects the project owner (the obligee) in the event the contractor (the principal) defaults on its obligations under the bonded contract. An EDR performance surety bond is a hybrid performance bond that combines the coverage of a standard performance bond but also fast-tracks claims processing, which can minimize project delays should a claim be disputed.

What's Different About the EDR Performance Bond?

  • Direct access to the Travelers Claim professional dedicated to your project.
  • Limits available up to 100% of the contract price.
  • Coverage includes liquidated damages and warranties as specified in the contract.
  • Optional advance payment coverage rider.
  • First bond of its kind to receive the same liquidity credit from Standard & Poor’s as a 10% letter of credit*.
    * In 2014, a contractor received a 10% liquidity credit on a large construction project using the Travelers EDR Bond.

Who Is This Right For?

  • Public private partnerships
  • Private construction owners
  • Engineering, procurement and construction (EPC) contracts
  • Capital project managers in technology, energy, industrial or manufacturing
  • Construction projects with tight time frames/private financing

Find an Agent

Need an Agent?

Get the personal service and attention that an agent provides.

Find a local agent in your area:

How to Get an EDR Performance Bond

If your obligee requires that you secure an EDR performance bond, they will specify the amount of the bond. You can then contact your independent agent to understand how to apply for the EDR performance bond. Your agent, working with Travelers, will guide you through that process, which will include:

  • Evaluation and qualification – You will provide financial documents to illustrate your creditworthiness and that you have the resources to fulfill the terms of the bond. You will also provide details about the project that will be covered by the bond.
  • Underwriting – Travelers will assess the risk to bond you and, if approved, create the bond agreement.
  • Bond issuance – The bond will be issued for you to sign, agreeing to the terms of the bond contract, including the repayment terms.

Related Products & Solutions

Commercial Surety

Travelers can help both individuals and businesses – ranging from small to multinational companies – with their commercial surety needs.

Contract Surety

Our specialized construction underwriters have deep industry knowledge and an ability to provide flexible, innovative solutions.

How Does the EDR Bond Compare?

See how the EDR performance bond compares to a letter of credit with this side-by-side comparison.

Insights & Expertise

What's a Surety Bond?

What Is a Surety Bond? Learn More

Discover the three most common types of surety bonds for your business.

London City Skyline at River Thames

International Surety Bond vs. Letters of Credit

While international letters of credit and surety bonds are similar, there are important considerations that can make international surety bonds a more attractive alternative to letters of credit.

Older woman holding glasses in front of laptop reviewing commercial surety bond contract

5 Things to Look for in a Commercial Contract Surety Provider

Here are important differentiators to consider that may help you choose the right bond carrier for your needs.

Find an Agent

Need an Agent?

Get the personal service and attention that an agent provides.

Find a local agent in your area:


Resources

  • Bond and Power of Attorney Verification Request Form
  • Owner Obligee Project Update Form
  • Facing Letter of Credit Challenges?

ADR Services

Alternative Dispute Resolution Services (ADR)

Learn more about our partnership with the industry’s first choice for ADR – JAMS Global Engineering and Construction Group.


Applications & Forms for Agents

Access all Management and Professional Liability applications and forms, as well as the Surety Bond Forms Library.


Travelers logo

Travelers and The Travelers Umbrella are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries.
© 2022 The Travelers Indemnity Company. All rights reserved.

  • Travelers on Facebook
  • Travelers on YouTube
  • Travelers on Twitter
  • Travelers on LinkedIn
  • Travelers on Instagram

Products & Services

  • For Individuals
  • For Businesses
  • Claim Services
  • Prepare & Prevent

Our Company

  • About Travelers
  • Careers
  • Investors
  • Sustainability
  • Travelers Institute

Connect

  • Customer Support
  • MyTravelers®
  • For Agents
  • Find an Agent

Legal & Compliance

  • Terms of Service
  • Privacy & Security
  • Cookie Settings
  • Accessibility
  • Producer Compensation Disclosure