A performance bond is a type of surety bond used in contractual projects to make sure that the contractor adheres to all the terms and condition of the contract and deliver the work on time. It also makes sure that the contractor does not go beyond the budget and meets the deadline. Continue reading Everything about a Performance Bond
3 Important Things You Need To Know About a Surety Bond
by Nielson Hoover Group |A surety bond is required by the government before they grant a license for any business. If the bond owner commits any fraud, the bond company pays to the obligee the amount of damages incurred up to the bond amount. Continue reading 3 Important Things You Need To Know About a Surety Bond
Types of Construction Bonds
by Nielson Hoover Group |Construction bonds may be required for contractors doing a project. This bond protects both the company and the client. There are various kinds of construction bonds: Continue reading Types of Construction Bonds
