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Mercer County Law Journal (The Official Legal Publication of Mercer County, Pennsylvania)Digital Edition DECEMBER 18, 2018, VOL. 33 ISSUE 51 ESTATE NOTICES Notice is hereby given that in the estates
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What is posting and bonding?
Posting and bonding is a financial guarantee provided by a contractor to ensure that the work will be completed according to the terms of the contract.
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Contractors and other parties involved in construction projects are typically required to file posting and bonding.
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Posting and bonding forms can usually be obtained from the relevant government agency or department overseeing the project, and must be completed with accurate and up-to-date information.
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The purpose of posting and bonding is to protect the project owner or client from financial loss in the event that the contractor fails to fulfill their obligations.
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Posting and bonding forms typically require information such as the contract amount, project details, contractor information, and the amount of the bond.
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