Nov
There’s no question that large-scale construction projects are fraught with several internal and external risks. A project owner can’t make it big unless they play smart. If you’re working in the construction industry, a maintenance bond is just what you need to ensure timely completion of your project.
Nov
Sep
There are a lot of risks involved when you’re setting up a new company—the product or service might not be well-received; your loans might outgrow your income stream; you might lose suppliers, or worse, fail to meet customers’ expectations.
Sep
Regardless of the size of a construction project, there are multiple parties and companies working on it at the same time. These parties include laborers, material suppliers, and sub-contractors among others.
Sep
Quality product, paired with unparalleled customer satisfaction, can make any business. One way to keep your customer satisfied is by having their best interests at heart—and surety bonds can help with that.
Sep
When applying for a surety bond, a surety agency may ask you (the principal / the contractor) to submit certain financial documentation. The company relies on these documents to determine your financial worthiness.
Sep
Bid Bond - A bid bond reassures a project owner that the contractor has a relationship with a surety company. So, if the contractor is a low bidder and enters into the contract, he will be able to provide the required performance and payment bonds.
Aug
Medical Marijuana Surety Bond In Oklahoma: The Main Benefits for Dispensaries
dave 0 comments Surety Bond
For medical marijuana dispensary owners in Oklahoma, the need to obtain a surety bond is essential. Recently, a number of states have legalized marijuana for both recreational and medical purposes.
Aug
As the name implies, a contract bond guarantees the performance of a contract. It involves three parties: the project owner (obligee) who enters a contract with the contractor (principal) to fulfill the terms of conditions of the contract. The third party is the surety agency, that issues a contract bond to the contractor.