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How Long Does It Take To Get A Surety Bond?

dave
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Surety Bond

Even though there are plenty of types, surety bond is an assuring agreement between three parties. The parties are the principal (bond applicant), the obligee (project owner/client) and the surety (bond issuer). Simply put, surety bonds protect obligees from cases of fraud, penalties and abuse.  

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Effective Strategies For Saving Money On Bonds

dave
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Bonds

Are you shopping around for surety bonds to perhaps save some money?  Look no further. While surety bond rates can vary largely depending on the provider, bond type and amount—partnering with the right bond provider can help you save big bucks.  

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Warranty Bond Vs. Performance Bond Vs. Payment Bonds

dave
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Bonds

Renovating an existing home or taking on a new construction project is often a huge risk. With the massive number of contractors in the market, it is often a challenge finding one that meets all your requirements, in terms of quality and cost. What sets apart quality contractors from incompetent ones are factors like licenses, insurance and bonds.  

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How Does a Warranty Bond Work?

dave
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Warranty bonds

Warranty bonds are a form of surety, typically used in the construction industry to ensure that a project is completed per the code and with the best quality materials.  If the work or materials are sub-par, then the contractor is obligated to remedy the issues or his bond will be subject to a claim. The bond ensures that the owner of the project has recourse in case problems arise during the project’s maintenance period.  

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