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CONTRACTOR SURETY APPLICATION PLEASE PRINT OR TYPE 30 SOUTH ROAD FARMINGTON, CT 06032 TELEPHONE: (860) 4158400 FAX: (860) 4045394 EMAIL: bonds acstarins.com CONTRACTORS NAMETELEPHONE NO.ADDRESSCITYFORM
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How to fill out contractor surety application

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How to fill out contractor surety application

01
Step 1: Obtain the contractor surety application form from the surety company or online.
02
Step 2: Read the instructions and requirements on the application carefully.
03
Step 3: Provide your personal and business information accurately, including your name, address, contact details, and business identification number.
04
Step 4: Fill out the financial information section, which may include your income, assets, liabilities, and credit history.
05
Step 5: Provide details about the contracts or projects you are seeking bonding for, including the project name, value, and duration.
06
Step 6: Attach any required supporting documents, such as financial statements, copies of contracts, and proof of insurance.
07
Step 7: Review the completed application form to ensure all information is accurate and complete.
08
Step 8: Submit the application form along with any required fees to the surety company either by mail or electronically.
09
Step 9: Wait for the surety company to review your application and make a decision.
10
Step 10: If approved, sign any additional documents or agreements and fulfill any further requirements before obtaining the contractor surety bond.

Who needs contractor surety application?

01
Contractors who are required to provide surety bonds for construction projects.
02
Construction companies bidding on public or private contracts may require contractor surety bonds.
03
Government agencies or entities may require contractors to provide surety bonds as a condition of awarding contracts.
04
Property owners or developers who want assurance that contractors will fulfill their obligations.
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Contractor surety application is a form or document that contractors must fill out to provide assurance or guarantee to their clients or project owners that they have the financial resources and capabilities to complete a construction project.
Contractors working on construction projects, particularly those that involve large sums of money or have high risk factors, are required to file a contractor surety application.
Contractors can typically fill out a contractor surety application by providing information about their company, financial standing, past projects, and other relevant details. They may also need to provide a surety bond or proof of insurance.
The purpose of contractor surety application is to protect project owners or clients from financial losses in case the contractor fails to complete the project or meet their contractual obligations.
Contractors must report information such as company details, financial statements, project history, references, insurance details, and any other relevant information required by the project owner or bonding company.
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