Which Construction Bond is Best for You

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Construction bonds are a general classification of surety bond used in the construction industry. It guarantees that the principal (the contractor) will complete a project according to the terms of their contract. If they do not for any reason, the surety company will have to pay the obligee (the project owner) for their losses. There are three primary types of construction bonds: Continue reading Which Construction Bond is Best for You

Infographic : Risk Transfer with Construction Bonds

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Construction projects cause lot of worry to the project owners. Most project owners reduce their worries by hiring a contractor to work on the construction project. To involve a contractor in any construction project, the project owner demands a construction bond from the contractor. A construction bond protects both the contractor and the project owner from any kind of risk. Continue reading Infographic : Risk Transfer with Construction Bonds