Bonds

  • Bid Bond Services
    Bid bond services are meant to protect an obligee, or someone paying to have a particular job done, from misrepresentations made in the bidding process. When a business like a construction company mak....
  • Contractor Bonds
    Contractor bonds include a multi-tiered group of individual bonds. These consist of bid bonds, performance bonds, maintenance bonds, and supply bonds. To fully understand what goes into contract based....
  • Surety Bonds
    What are surety bonds? What if you are an individual or organization that needs to have some kind of work done, like major construction? You get bids from several construction companies, giving you t....
  • Surety Bond Reference Materials
    Surety bond reference materials are widely available. Before you apply for a surety bond, such as a contractor bond, you need information about it. You can even find applications on the Internet. M....
  • Performance Bonds
    Performance bonds are one way a surety company guarantees the work of a contractor. When someone makes certain promises, those obligations must be met. This is especially true when large sums of money....
  • Payment Bond Claims
    Payment bond claims come into play if the contractor has defaulted or is unable to pay labor. The surety company is then responsible for paying such labor costs. When contractors are bonded, they mu....
  • Bid Bonds
    Essentially, bid bonds are a type of guarantee included in a standard contract bond. A contract bond is a promise to an organization or individual that the company they have hired to do a job will liv....
  • Surety Bond Claims
    There are three parties involved in surety bonds and surety bond claims. The owner, or obligee, is the person or party requiring construction. The contractor or principal is the person or party prov....
  • Payment Bonds
    Payment bonds apply to the larger picture in a construction venture. When dealing with a project that requires so much time, money, resources, and man power, there is quite a bit that must be taken in....
  • Insurance Services
    Insurance services are similar to, yet differ from surety bond services in a few ways. They are similar in that a third party is brought into a contract which agrees to make whole the owner in case o....