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WWW.JohnsCreekGA.gov 6785123200 6785123303 (fax) 12000 Finley Road, Suite 400, Johns Creek, GA 30097 PERFORMANCE SURETY CALCULATION FORM QUANTITY AMOUNTS REQUIRED BELOW MUST BE PROVIDED AND VERIFIED
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How to fill out performance surety calculation form

How to fill out a performance surety calculation form:
01
Start by filling out your personal information, such as your name, contact details, and company information, if applicable.
02
Next, provide details about the project for which the performance surety is required. This includes the project name, location, and any other relevant information.
03
Indicate the performance surety amount that is required for the project. This is typically a percentage of the total contract amount.
04
If there are any specific instructions or requirements for the performance surety calculation, make sure to follow them accurately.
05
In some cases, you may need to provide financial statements or other supporting documentation to assess your ability to fulfill the performance surety requirements. Ensure that you include all the necessary documents.
06
Review the filled-out form to ensure all the information is accurate and complete. Make any necessary corrections before submitting the form.
Who needs a performance surety calculation form:
01
Contractors: Contractors undertaking construction projects often need to provide performance surety to guarantee the completion of their work as per the contract requirements.
02
Project Owners: Owners of large-scale projects, such as infrastructure development or government contracts, may require contractors to provide performance surety as a safeguard against non-performance or delays.
03
Financial Institutions: Banks and other lending institutions may require performance surety when providing loans or financing for construction projects to mitigate the risk of non-performance.
Note: The specific need for a performance surety calculation form may vary depending on the project and contractual requirements.
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What is performance surety calculation form?
The performance surety calculation form is a document used to calculate the amount of surety or security required to secure performance of a contract.
Who is required to file performance surety calculation form?
Contractors and subcontractors involved in a project are usually required to file the performance surety calculation form.
How to fill out performance surety calculation form?
The performance surety calculation form should be filled out by providing accurate information about the project, contract value, and other relevant details.
What is the purpose of performance surety calculation form?
The purpose of the performance surety calculation form is to ensure that there is adequate security in place to guarantee the completion of a contract.
What information must be reported on performance surety calculation form?
Information such as project details, contract value, contractor details, and the calculated surety amount must be reported on the performance surety calculation form.
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