Permit Bonds
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Rescooped by Trena Sandoval from License 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's insight:

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

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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 | Permit Bonds | Scoop.it
United Surety Bonds

Via Christen Lampkin, Jerry Rix
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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 Trena Sandoval from Permit Bonds
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United Surety Bonds - Bid & Performance Bonds

United Surety Bonds - Bid & Performance Bonds | Permit Bonds | Scoop.it
United Surety Bonds
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Corazon Journey's curator insight, June 21, 2014 6:58 AM

For example, a certain firm needs a contractor for their upcoming project. 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..

Jerry Rix's curator insight, June 21, 2014 7:02 AM

These surety bonds for safeguarding the financial status of every party can be issued by either the contractor, who'll perform the project, or the company that will be getting the contractor’s services. But issuing these bonds will require the help of a banking institution prior to issuance.

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

Surety bonds play a big 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 aid of a banking institution before issuance. 

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United Surety Bonds - Bid & Performance Bonds

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

Via Christen Lampkin
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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 Trena Sandoval from Surety Bonds
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United Surety Bonds - Bid & Performance Bonds

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

Via Corazon Journey
Trena Sandoval's insight:

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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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. 

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 Teofila Cagle, Bernice Vanderbilt
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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 Trena Sandoval from Payment Bonds
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United Surety Bonds - Bid & Performance Bonds

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

Via Teofila Cagle
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.

Scooped by Trena Sandoval
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United Surety Bonds - Bid & Performance Bonds

United Surety Bonds - Bid & Performance Bonds | Permit Bonds | Scoop.it
United Surety Bonds
Trena Sandoval's insight:

One good example is the necessity of an organization for a contractor for their project later on. Before the firm employs one specific contractor, bidding will be taken first. Once a winning bid is made the parties will then make a deal about the required financings. To give more security, a winning bidder may then request bid bonds.

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Corazon Journey's curator insight, June 21, 2014 6:58 AM

For example, a certain firm needs a contractor for their upcoming project. 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..

Jerry Rix's curator insight, June 21, 2014 7:02 AM

These surety bonds for safeguarding the financial status of every party can be issued by either the contractor, who'll perform the project, or the company that will be getting the contractor’s services. But issuing these bonds will require the help of a banking institution prior to issuance.

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

Surety bonds play a big 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 aid of a banking institution before issuance.