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SURETY BOND STATE OF TEXASCOUNTY OF JIM WELL-KNOWN ALL MEN BY THESE PRESENTS: THAT WE, as Principal, and as Sureties, are held and firmly bound unto the Mayor of the City of Alice, Texas, and his
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How to fill out performance ampamp maintenance bond

01
Gather all necessary information such as project details, contractor information, and bond amount.
02
Contact a surety bond provider to obtain the performance & maintenance bond application.
03
Fill out the application form completely and accurately with all the required details.
04
Submit any additional documentation requested by the surety bond provider, such as financial statements or project plans.
05
Pay the required premium for the bond, which is typically a percentage of the bond amount.
06
Once the application is approved, sign the bond agreement and receive the bond for your records.

Who needs performance ampamp maintenance bond?

01
Contractors working on construction projects may need a performance & maintenance bond to guarantee their work and ensure completion of the project according to the terms of the contract.
02
Project owners or developers may require contractors to obtain a performance & maintenance bond as a way to protect themselves against financial loss in case the contractor fails to fulfill their obligations.
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Performance and maintenance bond is a type of surety bond that guarantees the contractor will complete a construction project according to the terms of the contract and will maintain it for a specified period of time.
Contractors working on public construction projects are typically required to file performance and maintenance bonds.
To fill out a performance and maintenance bond, the contractor must contact a surety bond company and provide necessary information about the project and financial history.
The purpose of a performance and maintenance bond is to protect the project owner from financial loss in case the contractor fails to meet their obligations.
The performance and maintenance bond typically includes information about the project, contract amount, contractor's financial history, and surety company details.
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