A Surety Bond is a three-party agreement whereby the surety guarantees to the obligee (the project owner) that the principal (the contractor) is capable of performing the contract in accordance with the contract documents. Performance of the contract, which is the subject of the bond, determines the rights and obligations of the surety and the obligee.
Here are the eight different families of surety bonds:
- Fidelity Bonds
- Public Official Bonds
- Judicial Bonds
- Fiduciary Bonds
- License and Permit Bonds
- Contract Bonds (Bid and Performance Bonds)
- Miscellaneous and Federal Bonds
- Notary Bonds
One time Bid or Full Bonding Line
Multiple options are at hand to solve your bonding needs, some without financials.
Having an established bond line can enhance the ability of a contractor to secure work.
You want you bonding line in place before you need a bond!
Just like a bank line of credit, when you need money, it’s easy if your line is already in place.
Don’t wait! Set up your line and limit now.
Free Review
Why hesitate? Let us help you land the project!
Contact Davies & Davies in Sewickley to start your Bond program today.
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