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PROJECT FUNDING REQUEST BOARD DATE: February 4, 2019, APPLICANTTYPE OF ASSISTANCE LEGAL PLEDGETEAM MANAGER: Mire ya Longevity of San Juan $6,645,000 Financing $2,562,000 Principal Forgiveness First
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How to fill out private project performance bonds

01
Identify the surety company or insurance agency that provides private project performance bonds.
02
Obtain the necessary application forms for the performance bond.
03
Provide detailed information about the private project, including its scope, duration, and value.
04
Submit any required supporting documents, such as contracts, financial statements, and project plans.
05
Complete the application forms accurately and thoroughly, ensuring all required information is provided.
06
Pay any applicable fees or premiums for the performance bond.
07
Review and sign the completed application forms.
08
Submit the application forms and supporting documents to the surety company or insurance agency.
09
Wait for approval and issuance of the private project performance bond.
10
Once the bond is issued, fulfill any ongoing obligations or requirements stated in the bond agreement.

Who needs private project performance bonds?

01
Private project performance bonds are typically needed by construction contractors or subcontractors who are engaged in private construction projects.
02
Owners of private construction projects may also require contractors to obtain performance bonds as a form of financial protection.
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Private project performance bonds are a type of surety bond that ensures a contractor will complete a project according to contract terms.
Contractors working on private construction projects are typically required to file private project performance bonds.
Private project performance bonds can be filled out by contacting a surety bond company and providing the necessary information.
The purpose of private project performance bonds is to protect project owners from financial loss if a contractor fails to complete the project.
Private project performance bonds typically require information such as project details, contractor information, and bond amount.
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