Payment Bonds
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Rescooped by Teofila Cagle from Bid Bonds
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United Surety Bonds - Bid & Performance Bonds

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United Surety Bonds


Via Christen Lampkin
Teofila Cagle's insight:

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.

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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.

Rescooped by Teofila Cagle from Payment Bonds
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United Surety Bonds - Bid & Performance Bonds

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

United Surety Bonds

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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. 

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

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.

Rescooped by Teofila Cagle from Performance Bonds
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United Surety Bonds - Bid & Performance Bonds

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

United Surety Bonds


Via Bernice Vanderbilt
Teofila Cagle's insight:

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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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.

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

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.

Rescooped by Teofila Cagle from Surety Bonds
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United Surety Bonds - Bid & Performance Bonds

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

Via Corazon Journey
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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.

Christen Lampkin's curator insight, June 21, 2014 7:15 AM

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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United Surety Bonds - Bid & Performance Bonds

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United Surety Bonds

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

These bonds are actually several of the mostly used construction bonds. Again, surety bonds are used in order to secure protection when taking part on real estate projects. 

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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.

Rescooped by Teofila Cagle from Surety Bonds
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United Surety Bonds - Bid & Performance Bonds

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

Via Christen Lampkin, Jerry Rix
Teofila Cagle's insight:

Bonds issued for guaranteeing that a contractor will finish a certain project are the performance bonds. To 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. So, if ever problems will happen throughout the completion of a project, payment would be imposed to the party who was given the favor.

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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.

Rescooped by Teofila Cagle from License Bonds
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United Surety Bonds - Bid & Performance Bonds

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

United Surety Bonds


Via Christen Lampkin, Jerry Rix, Annamaria Rael
Teofila Cagle's insight:

For example, the services of a contractor would be required for forthcoming projects by a certain organization. Before the firm hires one particular contractor, bidding will be taken first. Once a winning bid is made the parties will then make a deal about the required financings.

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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 Teofila Cagle
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

United Surety Bonds - Bid & Performance Bonds | Payment Bonds | Scoop.it
United Surety Bonds
Teofila Cagle's insight:

Meanwhile, performance bonds are utilized for securing an agreement with a contractor as a way to make sure that they commit on a specific project. To really make it clearer, performance bonds are surety bonds that a financial institution issues to ensure that the contractor will eventually complete the given task according to the agreed conditions. Thus, if the project was not done, the other party is required to pay a specific amount. 

more...
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. 

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

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.