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STATE OF OREGONSTATUTORY PUBLIC WORKS BONDSurety bond #:CCB # (if applicable):We, as principal, and, a corporation qualified and authorized to do business in the State of Oregon, as surety, are held
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How to fill out statutory public works bond

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How to fill out statutory public works bond

01
To fill out a statutory public works bond, follow these steps:
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Gather the necessary information: This includes the project details, such as the name and location of the project, the contractor's information, and the bond amount required.
03
Obtain the bond form: Contact the relevant surety bond provider or insurance company to request the statutory public works bond form. They will provide you with the necessary documents.
04
Read and understand the bond form: Carefully review the bond form's instructions, terms, and conditions to ensure proper completion.
05
Complete the bond form: Fill in all the required fields on the bond form, including the project details, contractor's information, and bond amount.
06
Attach supporting documents: If any supporting documents, such as financial statements or references, are required, make sure to include them with the bond form.
07
Review and double-check: Carefully review the completed bond form and attached documents for accuracy and completeness.
08
Submit the bond form: Submit the completed bond form and supporting documents to the appropriate authority or party requiring the statutory public works bond.
09
Pay the premium: Pay the premium for the bond to the surety bond provider or insurance company. The premium amount will depend on various factors, such as the bond amount and the contractor's qualifications.
10
Receive the bond: Once the bond form and premium are submitted and processed, you will receive the statutory public works bond, which serves as proof of financial guarantee for the project.
11
Keep records: Keep a copy of the completed bond form, supporting documents, and proof of premium payment for your records.

Who needs statutory public works bond?

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Statutory public works bonds are typically needed by
02
- contractors
03
- construction companies
04
- subcontractors
05
- suppliers
06
- developers
07
who are involved in public works projects. These projects are typically commissioned by government entities, such as federal, state, or local agencies.
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The statutory public works bond serves as a financial guarantee that the contractor or party responsible for the project will fulfill their contractual obligations, pay subcontractors and suppliers, and comply with all applicable laws and regulations.
09
It acts as a protection for the project owner and ensures that the project will be completed as per the agreed terms and conditions. Contractors and other parties involved in public works projects may be required to obtain a statutory public works bond as a condition of being awarded the project.

What is STATUTORY PUBLIC WORKS BOND Form?

The STATUTORY PUBLIC WORKS BOND is a Word document required to be submitted to the required address in order to provide some info. It must be completed and signed, which may be done manually, or via a particular solution such as PDFfiller. This tool allows to complete any PDF or Word document directly from your browser (no software requred), customize it according to your purposes and put a legally-binding e-signature. Right after completion, the user can send the STATUTORY PUBLIC WORKS BOND to the appropriate individual, or multiple ones via email or fax. The editable template is printable too due to PDFfiller feature and options proposed for printing out adjustment. In both digital and physical appearance, your form should have a clean and professional outlook. You can also save it as the template for further use, so you don't need to create a new document again. All that needed is to amend the ready template.

Instructions for the form STATUTORY PUBLIC WORKS BOND

Once you're ready to start completing the STATUTORY PUBLIC WORKS BOND writable template, it is important to make clear all required info is well prepared. This very part is highly significant, as long as mistakes may lead to undesired consequences. It can be irritating and time-consuming to re-submit an entire template, not to mention penalties caused by missed deadlines. To work with your figures requires more attention. At first sight, there is nothing complicated about this task. Nevertheless, there's nothing to make an error. Professionals suggest to record all required info and get it separately in a different file. When you have a writable template, you can just export this info from the document. In any case, you ought to pay enough attention to provide true and valid data. Check the information in your STATUTORY PUBLIC WORKS BOND form twice while filling all required fields. In case of any error, it can be promptly corrected with PDFfiller tool, so all deadlines are met.

How to fill STATUTORY PUBLIC WORKS BOND word template

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Statutory public works bond is a type of surety bond required by law for public construction projects to guarantee the completion of the project and payment to subcontractors and laborers.
Contractors and subcontractors involved in public construction projects are required to file statutory public works bond.
To fill out statutory public works bond, the contractor or subcontractor must contact a surety bond company, provide necessary project information, and pay a premium based on the bond amount.
The purpose of statutory public works bond is to protect subcontractors and laborers by ensuring payment for work done on public construction projects.
Statutory public works bond must include project details, bond amount, contractor information, and surety bond company information.
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