By Terry Mahlman, VP of Business Services/WC Guru Spring, 2016 Fall has finally arrived and what are the first things that come to my mind? The college and NFL football seasons are underway. Major league playoffs are approaching – can …
A surety bond ensures contract completion in the event of contractor default. A project owner (called an obligee) seeks a contractor (called a principal) to fulfill a contract. The contractor obtains a surety bond from a surety company. If the …
Eligibility Requirements for Small Business Contractors To be eligible for a surety bond guarantee: Your business must be classified as small. The business combined with its affiliates must not exceed the size standard designated for the primary industry of the …
What is a Surety Bond?A surety bond is a written agreement between a Surety Company and the Contractor, or Principal that helps protect the project owner, or Obligee, in the event the Contractor fails to successfully perform the contract. If …
Dear Valued Customer, A surety bond is a written agreement between a Surety Company and the Contractor, or Principal that helps protect the project owner, or Obligee, in the event the Contractor fails to successfully perform the contract. If the …
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