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OMB Control No: 3245-0007 Expiration Date: 02/29/2016 U.S. SMALL BUSINESS ADMINISTRATION SURETY BOND GUARANTEE AGREEMENT Terms and Conditions of Agreement on Page 2 1. Surety Name 2. Business Name:
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What is small business administration surety?
Small Business Administration surety is a type of bond that is required by the Small Business Administration (SBA) to ensure that contractors fulfill their obligations on government contracts.
Who is required to file small business administration surety?
Contractors who are awarded government contracts and meet certain criteria set by the Small Business Administration are required to file small business administration surety.
How to fill out small business administration surety?
To fill out a small business administration surety, contractors need to provide information about their company, project details, financial statements, and any subcontractors or suppliers involved. They may also need to provide proof of insurance and other relevant documents.
What is the purpose of small business administration surety?
The purpose of small business administration surety is to protect the government and taxpayers from financial loss in case a contractor fails to fulfill their contractual obligations.
What information must be reported on small business administration surety?
Small business administration surety typically requires contractors to report information such as their company's financial standing, previous project experience, references, and details of the specific project for which the surety is being obtained.
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