Bid Bonds
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United Surety Bonds - Bid & Performance Bonds

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United Surety Bonds


Via Freddie Dostal
Booker Malick's insight:

Performance bonds are issued to make sure that the project will be done by a contractor. Put simply, financial associations give these performance bonds as surety bonds as a guarantee that the outworker will commit to the task until it is completed as mentioned in the terms and agreement.

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Freddie Dostal's curator insight, June 30, 2014 7:06 AM

For example, a certain company requires a contractor for their upcoming project. Before the company employs one particular contractor, bidding will be taken first. The necessary financing will be talked about soon after the project has been awarded to the winning bidder..

Freddie Dostal's curator insight, June 30, 2014 7:07 AM

In some way; these above mentioned bonds are one of the most commonly used bonds for construction. As said, projects which involve construction of real-estate properties utilize surety bonds as a way of protection.

Freddie Dostal's curator insight, June 30, 2014 7:07 AM

Parties who was given the favor will surely reap the benefits of any of these bonds. If a developer gets a bond, a contractor will benefit from payments and developers will be accountable in case problems arise about the project. It also works vice versa if ever the bond is directed towards the contractor. 

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United Surety Bonds - Bid & Performance Bonds

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United Surety Bonds


Via Freddie Dostal, Brittni Buonocore
Booker Malick's insight:

One good example is the need of an organization for a contractor for their project in the future. But before a contractor will be accepted by a firm, a bidding event would occur first. Once a winning bid is made the parties will then make a deal about the required financings.

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Freddie Dostal's curator insight, June 30, 2014 7:06 AM

For example, a certain company requires a contractor for their upcoming project. Before the company employs one particular contractor, bidding will be taken first. The necessary financing will be talked about soon after the project has been awarded to the winning bidder..

Freddie Dostal's curator insight, June 30, 2014 7:07 AM

In some way; these above mentioned bonds are one of the most commonly used bonds for construction. As said, projects which involve construction of real-estate properties utilize surety bonds as a way of protection.

Freddie Dostal's curator insight, June 30, 2014 7:07 AM

Parties who was given the favor will surely reap the benefits of any of these bonds. If a developer gets a bond, a contractor will benefit from payments and developers will be accountable in case problems arise about the project. It also works vice versa if ever the bond is directed towards the contractor. 

Rescooped by Booker Malick from Performance Bonds
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United Surety Bonds - Bid & Performance Bonds

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United Surety Bonds


Via Freddie Dostal, Cleotilde Rupert
Booker Malick's insight:

These bonds are actually a few of the mostly used construction bonds. As stated, projects that involve construction of real-estate properties utilize surety bonds as a means of protection.

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Freddie Dostal's curator insight, June 30, 2014 7:06 AM

For example, a certain company requires a contractor for their upcoming project. Before the company employs one particular contractor, bidding will be taken first. The necessary financing will be talked about soon after the project has been awarded to the winning bidder..

Freddie Dostal's curator insight, June 30, 2014 7:07 AM

In some way; these above mentioned bonds are one of the most commonly used bonds for construction. As said, projects which involve construction of real-estate properties utilize surety bonds as a way of protection.

Freddie Dostal's curator insight, June 30, 2014 7:07 AM

Parties who was given the favor will surely reap the benefits of any of these bonds. If a developer gets a bond, a contractor will benefit from payments and developers will be accountable in case problems arise about the project. It also works vice versa if ever the bond is directed towards the contractor. 

Rescooped by Booker Malick from Surety Bonds
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United Surety Bonds - Bid & Performance Bonds

United Surety Bonds - Bid & Performance Bonds | Bid Bonds | Scoop.it
United Surety Bonds

Via Freddie Dostal, Roxy Knick
Booker Malick's insight:

These performance bonds and bid bonds help make sure that there'll be no party above the other. Rates for such bonds range from 10% to 15% of the amount said on the contract. Generally, the rates are based on the both parties risk level.

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Freddie Dostal's curator insight, June 30, 2014 7:06 AM

For example, a certain company requires a contractor for their upcoming project. Before the company employs one particular contractor, bidding will be taken first. The necessary financing will be talked about soon after the project has been awarded to the winning bidder..

Freddie Dostal's curator insight, June 30, 2014 7:07 AM

In some way; these above mentioned bonds are one of the most commonly used bonds for construction. As said, projects which involve construction of real-estate properties utilize surety bonds as a way of protection.

Freddie Dostal's curator insight, June 30, 2014 7:07 AM

Parties who was given the favor will surely reap the benefits of any of these bonds. If a developer gets a bond, a contractor will benefit from payments and developers will be accountable in case problems arise about the project. It also works vice versa if ever the bond is directed towards the contractor. 

Rescooped by Booker Malick from Bid Bonds
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United Surety Bonds - Bid & Performance Bonds

United Surety Bonds - Bid & Performance Bonds | Bid Bonds | Scoop.it

United Surety Bonds

Booker Malick's insight:

On the other hand, projects that are provided with performance bonds usually have bid bonds. Bid bonds that are associated to surety bonds are normally given to a bidder who wins.

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Cleotilde Rupert's curator insight, June 30, 2014 6:56 AM

Bonds like these are just like construction bonds. As said, projects that involve construction of real-estate properties utilize surety bonds as a way of protection. 

Maynard Leiser's curator insight, June 30, 2014 6:58 AM

Meanwhile, bid bonds are commonly used in projects issued with performance bonds. In this way, surety bonds that refer to bid bonds are generally provided to the highest bidder. 

Brittni Buonocore's curator insight, June 30, 2014 7:01 AM

These bonds are actually several of the mostly used construction bonds. As mentioned, projects that involve construction of real-estate properties utilize surety bonds as a means of protection. 

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United Surety Bonds - Bid & Performance Bonds

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United Surety Bonds

Via Freddie Dostal, Maynard Leiser
Booker Malick's insight:

Surety bonds play a big role in securing the finances of certain group, and the ones who can be issue this are the firm or the contractor. But issuing these bonds will need the help of a banking institution just before issuance. 

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Freddie Dostal's curator insight, June 30, 2014 7:06 AM

For example, a certain company requires a contractor for their upcoming project. Before the company employs one particular contractor, bidding will be taken first. The necessary financing will be talked about soon after the project has been awarded to the winning bidder..

Freddie Dostal's curator insight, June 30, 2014 7:07 AM

In some way; these above mentioned bonds are one of the most commonly used bonds for construction. As said, projects which involve construction of real-estate properties utilize surety bonds as a way of protection.

Freddie Dostal's curator insight, June 30, 2014 7:07 AM

Parties who was given the favor will surely reap the benefits of any of these bonds. If a developer gets a bond, a contractor will benefit from payments and developers will be accountable in case problems arise about the project. It also works vice versa if ever the bond is directed towards the contractor. 

Rescooped by Booker Malick from License Bonds
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United Surety Bonds - Bid & Performance Bonds

United Surety Bonds - Bid & Performance Bonds | Bid Bonds | Scoop.it

United Surety Bonds


Via Freddie Dostal, Maggie Maier
Booker Malick's insight:

A party will gain advantages through these bonds. Once a developer is provided a bond, a contractor will receive profits from the bond and the developer will assume responsibilty based upon his obligation if problems happen throughout the project.

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Freddie Dostal's curator insight, June 30, 2014 7:06 AM

For example, a certain company requires a contractor for their upcoming project. Before the company employs one particular contractor, bidding will be taken first. The necessary financing will be talked about soon after the project has been awarded to the winning bidder..

Freddie Dostal's curator insight, June 30, 2014 7:07 AM

In some way; these above mentioned bonds are one of the most commonly used bonds for construction. As said, projects which involve construction of real-estate properties utilize surety bonds as a way of protection.

Freddie Dostal's curator insight, June 30, 2014 7:07 AM

Parties who was given the favor will surely reap the benefits of any of these bonds. If a developer gets a bond, a contractor will benefit from payments and developers will be accountable in case problems arise about the project. It also works vice versa if ever the bond is directed towards the contractor. 

Scooped by Booker Malick
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United Surety Bonds - Bid & Performance Bonds

United Surety Bonds - Bid & Performance Bonds | Bid Bonds | Scoop.it
United Surety Bonds
Booker Malick's insight:

A bond is a legal written document saying that one party has agreed to pay every six months the interest and at the maturity date of a debt, the principal amount. Bonds are readily available in many kinds with different categories. These 2 types include the surety bonds and bid bonds. 

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Maynard Leiser's curator insight, June 30, 2014 6:58 AM

Meanwhile, bid bonds are commonly used in projects issued with performance bonds. In this way, surety bonds that refer to bid bonds are generally provided to the highest bidder. 

Brittni Buonocore's curator insight, June 30, 2014 7:01 AM

These bonds are actually several of the mostly used construction bonds. As mentioned, projects that involve construction of real-estate properties utilize surety bonds as a means of protection. 

Booker Malick's curator insight, June 30, 2014 7:04 AM

On the other hand, projects that are provided with performance bonds usually have bid bonds. Bid bonds that are associated to surety bonds are normally given to a bidder who wins.