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bonds surety bond surety bonds humphries insurance blue bell collegeville norristown ambler pennsylvania: Surety Bond Basics for Contractors
- 12/18/08 08:14 AM
Many construction contractors know that a number of projects require them to provide surety bonds which will guarantee their performance of the contract. Therefore, surety bonds are important in order to maintain a steady flow of projects for these contractors.
These surety bonds can be required by any client, from federal, state, or local government agencies to private owners.
Here are the four basic types of contract surety bonds:
A bid bond provides financial confirmation that the bid has been submitted in good faith, and that the contractor intends to enter into the contract at the price bid and provide the required performance … (1 comments)
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