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Do bonds cost money?

Yes – fee structure varies by the type of bond we are talking about. Bid Bond : Typically a flat fee, sometimes they are free

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How do I get a bond?

You will need to provide your financial information to a bank or insurance company. They will evaluate your financial health, cash reserves, etc and determine

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Who is involved in a bond?

Three companies Principal – You / the Contractor paying for the bond Surety – The financial institution providing the bond Obligee – The client you

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Why do we need it?

The purpose of a construction surety bond is to guarantee your companies performance to your customer. A bank signs this bond, and if you fail

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What is it?

A construction bond, is a contract surety bond. (This is not the same as Treasury bonds, Corporate bonds, etc that you might have heard of

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