License Bonds
7 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Rescooped by Maggie Maier from License Bonds
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

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

United Surety Bonds


Via Freddie Dostal
Maggie Maier's insight:

Bonds issued for ensuring that a contractor will finish a particular project are the performance bonds. To really make it more clear, performance bonds are surety bonds that a financial institution issues to make sure that the contractor will eventually finish the assigned task based on the agreed conditions.

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 Maggie Maier from Payment Bonds
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

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

United Surety Bonds


Via Brittni Buonocore
Maggie Maier's insight:

For instance, a particular company needs a contractor for their upcoming project. Nevertheless, bidding will be done first before a company employs that outworker. Once a winning bid is made the parties will then make a deal about the necessary financings.

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 Maggie Maier from Performance Bonds
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

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

United Surety Bonds


Via Cleotilde Rupert
Maggie Maier's insight:

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. 

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.

Roxy Knick's curator insight, June 30, 2014 6:50 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 offered to a bidder who wins. 

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 Maggie Maier from Surety Bonds
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

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

Via Freddie Dostal, Roxy Knick
Maggie Maier's insight:

With the aid of these performance bonds and bid bonds, it is certain that there will never be any foul-play in either of the two parties. 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.

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 Maggie Maier from Bid Bonds
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

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

United Surety Bonds


Via Booker Malick
Maggie Maier's insight:

However, projects that are given with performance bonds generally have bid bonds. In the bidding, the winning bidder will be offered the right to ask for surety bonds which pertain to the bid bonds. 

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 Maggie Maier from Permit Bonds
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

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

United Surety Bonds


Via Maynard Leiser
Maggie Maier's insight:

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. 

more...
Roxy Knick's curator insight, June 30, 2014 6:50 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 required financing will be discussed soon after the project has been awarded to the winning bidder..

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 Maggie Maier from License Bonds
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

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

United Surety Bonds

Maggie Maier's insight:

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

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. 

Roxy Knick's curator insight, June 30, 2014 6:50 AM

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.

Scooped by Maggie Maier
Scoop.it!

United Surety Bonds - Bid & Performance Bonds

United Surety Bonds - Bid & Performance Bonds | License Bonds | Scoop.it
United Surety Bonds
Maggie Maier's insight:

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. 

more...
Roxy Knick's curator insight, June 30, 2014 6:50 AM

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.

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