Infographic : An Insight into Different Types of Commercial Surety Bonds

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The infographic titled “A Few Types of Commercial Surety Bonds” details various types of commercial surety bonds. Commercial surety bonds are required to satisfy or guarantee governmental legislation, fiduciary obligations, and private contractual responsibilities of the applicant or the principal under the bond. Continue reading Infographic : An Insight into Different Types of Commercial Surety Bonds

Infographic : Things You Must Know About Construction Bond Claims

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The infographic “Learn All About Construction Bond Claims” describes the important details about construction bond claim, like the definition, what a claim includes, and the things related to sending a construction bond notice. A construction bond claim is used to claim payment on a state, county, or municipal construction project. It is important to know that the lien rights do not apply to state-owned property, as the state government won’t permit anyone to foreclose on its land. Continue reading Infographic : Things You Must Know About Construction Bond Claims

Infographic : An Insight into Performance Bond for Construction

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The infographic titled “Things to Know about Performance Bond for Construction”, presented by NHC, is designed with intent to provide the basic knowledge and understanding of performance bond in construction projects. These types of surety bonds are usually geared towards the construction and manufacturing sectors and other forms of construction projects. A performance bond is used to insure the project owner against the risk of contractor’s failure to fulfill the contractual responsibilities to the project owner. Continue reading Infographic : An Insight into Performance Bond for Construction