Bonds - Bid, Performance & Licensing

 

 

 

Need a bond? You are at the right place. Some bonds are simple to obtain, others require detailed information to obtain approvals. Don't be discouraged most bond requests never make it to the company because the client did not provide the needed information. We have simplified what is needed to obtain a pre-approval, it cannot get any easier. Click below to learn more.

 

 

 

 

All About Bid Bonds

 

 

 

All About Performance Bonds

 

 

 

 

All About Licensing Bonds

 

 

 

 

 

 

 

 

 

 

 

 

All About Bid Bonds

 

 

 

 

 

 A bond required of a contractor submitting a bid on a project. If the contractor then refuses to undertake the project, the bid bond assures that the developer will be paid the difference between the lowest bid and next lowest bid. The bid bond encourages contractors to make serious bids and live up to their obligations. Sometimes the bond can be waived by posting a cash payment. This payment is usually a percentage of the job.

 

 

 

 

 

 

Click Here to Down Load Our Easy Bond Package

 

 

 

 

 

 

 

 

 

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All About Performance Bonds

 

 

 

 

A bond issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract. For example, a contractor may issue a bond to a client for whom a building is being constructed. If the contractor fails to construct the building according to the specifications laid out by the contract, the client is guaranteed compensation for any monetary loss. Most performance bonds have a premium that is based on a percentage of the job, this can range from 2-4% depending on the terms set by the bond company. If you have never been bonded before the company might want you to post collateral in order to share some of the risk. The collateral can be a wire transfer or a letter of credit from your bank. 

 

 

 

 

 

 

 

 

Click Here to Down Load Our Easy Bond Package

 

 

 

 

 

 

 

 

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All About Licensing Bonds

 

 

 

 

 

Some Florida Counties require a license bond. These are simple bonds to obtain and can be ready in a few days. The average cost is $100 per year. If you need one of these bond please contact us and we will be glad to assist you.

 

 

 

Phone 1-800-493-1886  Ext 303     Noel Brown

 

 

Or

 

 

 

Email     noel@brownins.net