
Get the free RELEASE OF CONTRACT SURETY, DEPARTMENT OF TRANSPORTATION (DOT) - co mendocino ca
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RESOLUTION NO. 15RESOLUTION OF THE MENDOCINO COUNTY BOARD OF SUPERVISORS APPROVING
RELEASE OF CONTRACT SURETY, DEPARTMENT OF TRANSPORTATION (DOT)
CONTRACT NO. 130035, 2011 STORM DAMAGE REPAIRS ON
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How to fill out release of contract surety

How to fill out release of contract surety
01
Gather all relevant information and documents related to the contract and surety bond.
02
Review the terms and conditions of the contract to understand the requirements for releasing the surety bond.
03
Prepare a written request for release, stating the reasons why the surety bond should be released.
04
Include any supporting documentation or evidence that demonstrates the completion or termination of the contract.
05
Submit the request to the party responsible for issuing the surety bond, usually the surety company or the obligee.
06
Follow up with the party to ensure the request is being processed and provide any additional information if requested.
07
Obtain confirmation and documentation once the surety bond has been released.
08
Store the documentation in a safe place for future reference or legal purposes.
Who needs release of contract surety?
01
Contractors and construction companies who have completed their contractual obligations and want to be released from the surety bond.
02
Public agencies or private entities that require a surety bond as a form of security for contract performance.
03
Project owners or clients who want assurance that the contractor has fulfilled their obligations before releasing the surety bond.
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What is release of contract surety?
Release of contract surety is a formal document that discharges a surety company from its obligations under a bond after the completion of the contractual obligations.
Who is required to file release of contract surety?
The principal contractor or the party who obtained the surety bond is required to file the release of contract surety.
How to fill out release of contract surety?
To fill out a release of contract surety, provide details such as the project name, bond number, parties involved, and a statement certifying the completion of contractual obligations.
What is the purpose of release of contract surety?
The purpose of the release of contract surety is to formally acknowledge that the surety bond obligations have been fulfilled and to free the surety from any future liability associated with that bond.
What information must be reported on release of contract surety?
The information that must be reported includes the bond number, names of the parties, project details, confirmation of completion of the contract, and any applicable dates.
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