Get the free Forms for Performance Bonds - American Planning Association

CITY OF MONTGOMERY, ALABAMA SUBDIVISION PERFORMANCE BOND NUMBER KNOW ALL MEN BY THESE PRESENTS, THAT WE (hereinafter called the Principal) and (hereinafter called the Surety) are held firmly unto

How to fill out forms for performance bonds

How to fill out forms for performance bonds

1. Here are the steps to fill out forms for performance bonds:
2. Obtain the necessary forms from the bonding company or download them from their website.
3. Read the instructions carefully to understand the requirements and provisions of the performance bond.
4. Fill in the basic information such as the name of the principal, the name of the obligee, and the project name.
5. Provide details about the project, such as its location, start date, and completion date.
6. Include information about the contract, such as the contract amount, payment terms, and penalties for non-performance.
7. Fill out any additional sections or forms required by the bonding company, such as financial statements or references.
8. Review the completed forms for accuracy and completeness, making sure all required information is provided.
9. Get any necessary signatures, including the principal's signature and possibly a witness or notary public.
10. Submit the completed forms to the bonding company along with any supporting documents or fees required.
11. Keep a copy of the filled-out forms for your records.

Who needs forms for performance bonds?

1. Forms for performance bonds are typically needed by contractors or construction companies who are bidding on public or private construction projects.
2. These forms are also required by project owners or obligees who want to ensure that the contractor has financial backing to complete the project according to the terms of the contract.
3. Additionally, subcontractors or suppliers may need forms for performance bonds if they are providing services or materials for a project that requires bonding.

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