Contract Bonds - Preferred Bonding & Insurance Services https://preferredbonding.com Bonds for active and growing contractors Thu, 07 Feb 2019 16:32:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://preferredbonding.com/wp-content/uploads/2018/12/cropped-pbis-favicon-1-32x32.png Contract Bonds - Preferred Bonding & Insurance Services https://preferredbonding.com 32 32 What is a Contract Bond? https://preferredbonding.com/what-is-a-contract-bond/ Tue, 20 Nov 2018 23:05:34 +0000 https://preferredbonding.com/?p=378 Contract bonds are a type of surety bond that must be filed with the owner of a project (the “Obligee”) as a condition for the contractor to bid on or to enter into a contract. Contract bonds consist of two primary categories – (1) bid bonds required of contractors as a condition for a contractor […]

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]]> What is a Bid Bond? https://preferredbonding.com/what-is-a-bid-bond/ Thu, 25 Oct 2018 00:05:35 +0000 https://preferredbonding.com/?p=206 Bid bonds are a subset of the broader category of Contract bonds that must be filed with the project owner or government agency soliciting bids for public or private construction contracts. Bid bonds provide the project owner with security that the winning bidder will sign the contract and meet the requirements of the bid specifications. […]

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