Bid Bonds
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Rescooped by Christen Lampkin from Bid Bonds
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United Surety Bonds - Bid & Performance Bonds

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United Surety Bonds
Christen Lampkin's insight:

By using these performance bonds and bid bonds, it is sure that there will never be any foul-play in either of the two parties. Rates will be between 10-15% for the bond described in the contract. Generally, the risk level of these parties is the basis on the rates provided.

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Teofila Cagle's curator insight, June 21, 2014 7:14 AM

These performance bonds and bid bonds help make sure that there will be no party above the other. Rates will be between 10-15% for the bond stated in the contract. Generally, the risk level of these parties is the basis on the rates offered.

Christen Lampkin's curator insight, June 21, 2014 7:16 AM

To really make it more clear, performance bonds are surety bonds that a financial institution issues to make sure that the contractor will eventually complete the designated task according to the agreed conditions. Thus, if the project was not finished, the other party is need to pay a specific amount. 

Christen Lampkin's curator insight, June 21, 2014 7:16 AM

By some means; these aforementioned bonds are one of the most frequently used bonds for construction. As what have been noted, these surety bonds are used primarily to safeguard projects for constructing real-estate properties.

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United Surety Bonds - Bid & Performance Bonds

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United Surety Bonds


Via Teofila Cagle, Bernice Vanderbilt
Christen Lampkin's insight:

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

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Annamaria Rael's curator insight, June 21, 2014 7:03 AM

Meanwhile, performance bonds are utilized for securing an agreement with a contractor so as to ensure that they commit on a certain project. To be more certain, firms secure these performance bonds as surety bonds to a service provider as a guarantee that the worker will work with the specific project to the end as given in the conditions.

Bernice Vanderbilt's curator insight, June 21, 2014 7:08 AM

Parties who was given the favor will absolutely reap the benefits of any of these bonds. Once a developer is provided a bond, a contractor will get profits from the bond and the developer will assume responsibilty based on his obligation if complications take place throughout the project. If the contractor is the one given with the bond, he will then be held accountable.

Teofila Cagle's curator insight, June 21, 2014 7:13 AM

These surety bonds for securing the financial status of each party can be issued by either the contractor, who'll do the project, or the firm that'll be getting the contractor’s services. But issuing these bonds will need the help of a banking institution before issuance. 

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United Surety Bonds - Bid & Performance Bonds

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United Surety Bonds

Via Jerry Rix
Christen Lampkin's insight:

To really make it more clear, performance bonds are surety bonds that a financial institution issues to make sure that the contractor will eventually complete the designated task according to the agreed conditions. Thus, if the project was not finished, the other party is need to pay a specific amount. 

more...
Teofila Cagle's curator insight, June 21, 2014 7:14 AM

These performance bonds and bid bonds help make sure that there will be no party above the other. Rates will be between 10-15% for the bond stated in the contract. Generally, the risk level of these parties is the basis on the rates offered.

Christen Lampkin's curator insight, June 21, 2014 7:16 AM

By some means; these aforementioned bonds are one of the most frequently used bonds for construction. As what have been noted, these surety bonds are used primarily to safeguard projects for constructing real-estate properties.

Christen Lampkin's curator insight, June 21, 2014 7:17 AM

By using these performance bonds and bid bonds, it is sure that there will never be any foul-play in either of the two parties. Rates will be between 10-15% for the bond described in the contract. Generally, the risk level of these parties is the basis on the rates provided.

Rescooped by Christen Lampkin from Surety Bonds
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United Surety Bonds - Bid & Performance Bonds

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United Surety Bonds

Via Corazon Journey
Christen Lampkin's insight:

A bond is a written legal deal which forces one party to settle every six months, and pay for the entire debt once it reaches its maturity date. Bonds have differing types and classifications. These bonds include 2 kinds; the surety bonds and bid bonds. 

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Corazon Journey's curator insight, June 21, 2014 6:56 AM

A bond is a legal written document stating that one party has agreed to pay every six months the interest and at the maturity date of a debt, the principal amount. There are different types and classifications of bonds. Two of which are surety bonds and bid bonds. 

Annamaria Rael's curator insight, June 21, 2014 7:05 AM

Parties who was given the favor will absolutely benefit from any of these bonds. When a developer is offered a bond, a contractor will obtain profits from the bond and the developer will take responsibility based upon his obligation if problems occur throughout the project. If the contractor is the one given with the bond, he will then be held accountable. 

Trena Sandoval's curator insight, June 21, 2014 7:11 AM

These performance bonds and bid bonds help make certain that there will be no party above the other. Rates for such bonds vary from 10% to 15% of the amount stated on the contract. Usually, the rates are based on the both parties risk level.

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United Surety Bonds - Bid & Performance Bonds

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United Surety Bonds


Via Teofila Cagle
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Christen Lampkin's curator insight, June 21, 2014 7:16 AM

To really make it more clear, performance bonds are surety bonds that a financial institution issues to make sure that the contractor will eventually complete the designated task according to the agreed conditions. Thus, if the project was not finished, the other party is need to pay a specific amount. 

Christen Lampkin's curator insight, June 21, 2014 7:16 AM

By some means; these aforementioned bonds are one of the most frequently used bonds for construction. As what have been noted, these surety bonds are used primarily to safeguard projects for constructing real-estate properties.

Christen Lampkin's curator insight, June 21, 2014 7:17 AM

By using these performance bonds and bid bonds, it is sure that there will never be any foul-play in either of the two parties. Rates will be between 10-15% for the bond described in the contract. Generally, the risk level of these parties is the basis on the rates provided.

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United Surety Bonds - Bid & Performance Bonds

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

United Surety Bonds


Via Jerry Rix, Annamaria Rael, Trena Sandoval
Christen Lampkin's insight:

By some means; these aforementioned bonds are one of the most frequently used bonds for construction. As what have been noted, these surety bonds are used primarily to safeguard projects for constructing real-estate properties.

more...
Teofila Cagle's curator insight, June 21, 2014 7:14 AM

These performance bonds and bid bonds help make sure that there will be no party above the other. Rates will be between 10-15% for the bond stated in the contract. Generally, the risk level of these parties is the basis on the rates offered.

Christen Lampkin's curator insight, June 21, 2014 7:16 AM

To really make it more clear, performance bonds are surety bonds that a financial institution issues to make sure that the contractor will eventually complete the designated task according to the agreed conditions. Thus, if the project was not finished, the other party is need to pay a specific amount. 

Christen Lampkin's curator insight, June 21, 2014 7:17 AM

By using these performance bonds and bid bonds, it is sure that there will never be any foul-play in either of the two parties. Rates will be between 10-15% for the bond described in the contract. Generally, the risk level of these parties is the basis on the rates provided.

Rescooped by Christen Lampkin 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 Jerry Rix, Annamaria Rael
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Christen Lampkin's curator insight, June 21, 2014 7:16 AM

To really make it more clear, performance bonds are surety bonds that a financial institution issues to make sure that the contractor will eventually complete the designated task according to the agreed conditions. Thus, if the project was not finished, the other party is need to pay a specific amount. 

Christen Lampkin's curator insight, June 21, 2014 7:16 AM

By some means; these aforementioned bonds are one of the most frequently used bonds for construction. As what have been noted, these surety bonds are used primarily to safeguard projects for constructing real-estate properties.

Christen Lampkin's curator insight, June 21, 2014 7:17 AM

By using these performance bonds and bid bonds, it is sure that there will never be any foul-play in either of the two parties. Rates will be between 10-15% for the bond described in the contract. Generally, the risk level of these parties is the basis on the rates provided.

Scooped by Christen Lampkin
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United Surety Bonds - Bid & Performance Bonds

United Surety Bonds - Bid & Performance Bonds | Bid Bonds | Scoop.it
United Surety Bonds
Christen Lampkin's insight:

A bond is an official written record, which seals the deal of one party to assume payment every 6 months, and pay off the total amount throughout the debt’s maturity date. There are differing types and classifications of bonds. These bonds include 2 types; the surety bonds and bid bonds. 

more...
Christen Lampkin's curator insight, June 21, 2014 7:16 AM

To really make it more clear, performance bonds are surety bonds that a financial institution issues to make sure that the contractor will eventually complete the designated task according to the agreed conditions. Thus, if the project was not finished, the other party is need to pay a specific amount. 

Christen Lampkin's curator insight, June 21, 2014 7:16 AM

By some means; these aforementioned bonds are one of the most frequently used bonds for construction. As what have been noted, these surety bonds are used primarily to safeguard projects for constructing real-estate properties.

Christen Lampkin's curator insight, June 21, 2014 7:17 AM

By using these performance bonds and bid bonds, it is sure that there will never be any foul-play in either of the two parties. Rates will be between 10-15% for the bond described in the contract. Generally, the risk level of these parties is the basis on the rates provided.