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SCHOOL FACILITIES
Contractor Surety Bonds and Insurance
Each contractor's bid must be accompanied by a certified or cashiers check or bid bond in the
amount of at least five percent
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How to fill out contractor surety bonds and
How to fill out contractor surety bonds and
01
Step 1: Gather the necessary information and documents such as your business information, financial records, and contractor license.
02
Step 2: Research and choose a reputable surety bond provider who can issue contractor surety bonds.
03
Step 3: Contact the surety bond provider and provide them with the required information and documents.
04
Step 4: Complete the application form provided by the surety bond provider, ensuring all the details are accurate and complete.
05
Step 5: Pay the required premium for the contractor surety bond.
06
Step 6: Once approved, the surety bond provider will issue your contractor surety bond.
07
Step 7: Keep a copy of the contractor surety bond for your records.
08
Step 8: Submit the contractor surety bond to the relevant authority or project owner as required.
Who needs contractor surety bonds and?
01
General contractors: These are individuals or businesses who oversee and manage construction projects.
02
Specialty contractors: These are contractors who specialize in a specific trade or service such as plumbing, electrical work, or landscaping.
03
Construction subcontractors: These are contractors hired by general contractors to perform specific tasks or projects within a larger construction project.
04
Government contractors: Contractors who work on government-funded projects or contracts.
05
Private project owners: Individuals or businesses who hire contractors for construction projects on their private property.
06
Maintenance and repair contractors: Contractors who provide maintenance and repair services for buildings or infrastructure.
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What is contractor surety bonds?
Contractor surety bonds are a type of surety bond that guarantees a contractor will fulfill their obligations as stated in a contract.
Who is required to file contractor surety bonds?
Contractors who are working on specific projects or contracts may be required to file contractor surety bonds.
How to fill out contractor surety bonds?
To fill out contractor surety bonds, the contractor must provide information about themselves, the project or contract, and the terms of the bond.
What is the purpose of contractor surety bonds?
The purpose of contractor surety bonds is to protect the project owner in case the contractor fails to complete the project or fulfill their contractual obligations.
What information must be reported on contractor surety bonds?
Contractor surety bonds must include information about the contractor, the project or contract, the bond amount, and any other relevant details.
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