Large Companies and Government Agencies Require Surety Bond

Surety Bonds

A surety can be required for contracts and bids for all types of businesses, to ensure that the work that is being contracted is performed and completed as per agreement. This type of bond is popular for many contractors providing services to government agencies along with corporations large or small. The bond that is required is a performance bond and is an insurance policy that will protect the customer or client in the event that the work or contract is not performed in accordance with the agreement. Federal building contracts that have a value of $150 K or more will be required to supply a surety bond when bidding or as a condition of the scope of work or contract. Performance bonds are mainly provided by surety bond companies, but can also be obtained by your insurance agent if they are licensed for these types of insurance bonds. It is always a smart idea to research the best bonding companies that specialize in surety bonds and can usually get you the correct bond for the best price. If you have challenged credit, there are surety bond companies that can still get you the bond you need and at a reasonable price for your surety bond type. There is a company that can help with just about any type of bond and is able to get you bonded very fast. USA American Eagle Bonds in Mesa Arizona can bond in just about any of the 50 states in the US and can be done online or by phone.

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