Surety Bonds
8 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Rescooped by Roxy Knick from License Bonds
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

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

Via Freddie Dostal
Roxy Knick's insight:

Parties who was given the favor will absolutely reap the benefits of any of these bonds. Once a developer is given a bond, a contractor will acquire profits from the bond and the developer will take responsibility based on his obligation if problems take place during the project.

more...
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 Roxy Knick from Payment Bonds
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

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

United Surety Bonds


Via Brittni Buonocore
Roxy Knick's insight:

Surety bonds play a big role in protecting the finances of certain group, and the ones who can be issue this are the company or the contractor. Nonetheless, they can't issue the bonds by themselves since they need a particular financial institution to issue it for them. 

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

Surety bonds helps safeguard a group’s financial situation, and it can only be given by either the contractor or the company itself. But issuing these bonds will require the assistance of a banking institution prior to issuance.

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

One good example is the necessity of a firm for a contractor for their project in the future. Nevertheless, bidding will be done first before a firm employs that outworker. After a winning bidder has been known, the groups will then go over about the necessary funds.

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

These surety bonds for securing the financial status of every party can be issued by either the contractor, who'll perform the project, or the firm that will be getting the contractor’s services. But they will require the aid of a particular financial agency first before they can issue these bonds. 

Rescooped by Roxy Knick from Performance Bonds
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

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

United Surety Bonds


Via Cleotilde Rupert
Roxy Knick's insight:

For those project tasks that are secured with performance bonds, they normally include bid bonds. Bid bonds that are associated to surety bonds are sometimes offered to a bidder who wins. 

more...
Cleotilde Rupert's curator insight, June 27, 2014 6:39 AM

One good example is the need of a firm for a contractor for their project later on. But before a contractor will be accepted by a company, a bidding event would happen first. The necessary financing will be discussed soon after the project has been awarded to the winning bidder.. The winning bidder may then require issuing bid bonds for his protection.

Maggie Maier's curator insight, June 30, 2014 6:52 AM

These bonds are actually several of the mostly utilized construction bonds. Again, surety bonds are utilized so as to secure protection when taking part on real estate projects. 

Cleotilde Rupert's curator insight, June 30, 2014 6:55 AM

For those project tasks that are secured with performance bonds, they normally include bid bonds. Bid bonds that are associated to surety bonds are sometimes provided to a bidder who wins. 

Rescooped by Roxy Knick from Surety Bonds
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

United Surety Bonds - Bid & Performance Bonds | Surety Bonds | Scoop.it
United Surety Bonds
Roxy Knick's insight:

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. 

more...
Roxy Knick's curator insight, June 27, 2014 6:36 AM

Through the performance bonds as well as the bid bonds, both parties can be certain that no side will be able to play tricks against the other. Rates will be between 10-15% for the bond mentioned in the contract. Generally, the rates are based on the both parties risk level.

Rescooped by Roxy Knick from Bid Bonds
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

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

United Surety Bonds


Via Booker Malick
more...
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.

Rescooped by Roxy Knick from Permit Bonds
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

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

Via Maynard Leiser
Roxy Knick's insight:

One good example is the need of a firm for a contractor for their project later on. But before a contractor will be accepted by a company, a bidding event would happen first. The required financing will be discussed soon after the project has been awarded to the winning bidder..

more...
Maggie Maier's curator insight, June 30, 2014 6:53 AM

Surety bonds play a major role in safeguarding the finances of certain group, and the ones who can be issue this are the firm or the contractor. Nevertheless, they can't issue the bonds by themselves because they require a particular financial institution to issue it for them. 

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

One good example is the need of a firm for a contractor for their project later on. But before a contractor will be accepted by a firm, a bidding event would happen first. After a winning bidder has been known, the groups will then discuss about the necessary funds.

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

Surety bonds helps secure a group’s financial situation, and it can only be given by either the contractor or the company itself. But they will need the help of a particular financial agency first before they can issue these bonds.

Rescooped by Roxy Knick from License Bonds
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

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

Via Maggie Maier
Roxy Knick's insight:

Bonds issued for ensuring that a contractor will finish a particular project are the performance bonds. Put simply, financial associations offer these performance bonds as surety bonds as an assurance that the outworker will agree to the job until it is completed as said in the terms and agreement.

more...
Maggie Maier's curator insight, June 27, 2014 6:38 AM

Parties who was given the favor will surely benefit from any of these bonds. Once a developer is given a bond, a contractor will get profits from the bond and the developer will assume responsibilty based upon his obligation if problems occur throughout the project. It also works vice versa if ever the bond is directed towards the contractor. 

Maggie Maier's curator insight, June 30, 2014 6:52 AM

A party will gain benefits through these bonds. When a developer is provided a bond, a contractor will get profits from the bond and the developer will assume responsibilty based upon his obligation if problems happen during the project

Scooped by Roxy Knick
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

United Surety Bonds - Bid & Performance Bonds | Surety Bonds | Scoop.it
United Surety Bonds
Roxy Knick's insight:

Through the performance bonds as well as the bid bonds, both parties can be certain that no side will be able to play tricks against the other. Rates will be between 10-15% for the bond mentioned in the contract. Generally, the rates are based on the both parties risk level.

more...
Roxy Knick's curator insight, June 30, 2014 6:49 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.