Are you about to start a project for a Developer, Management Company or doing work for a Municipality?
Do you need to submit a bond with the Bid?
Bonds, provide a guarantee by the Bondholder, that the agreed work in the contract is completed by the contractor who wins the bid. Contract Bonds and Performance Bond are Surety Bonds that provide guarantees the project will be completed. A Surety bond is granted based on the Financial health of the firm applying for the bond (credits history, assets, past work completed, Tax Returns etc…)
We assist contractors and various businesses in securing bonds ranging from $5,000 to $5,000,000.
The surety bond form specifically guarantees the permit holder’s right to “work on roadways, to drive across curbs and sidewalks with vehicles or equipment or to hang banners and erect banner poles or any type of temporary construction, to excavate plots or open areaways and sidewalks. The purpose is to ensure safe and convenient passage for pedestrians while facilitating the contractor’s ability to encroach on public areas.
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