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Performance Bond Attachment II___ PrincipalBusiness Address of Principal___ SuretyObligeeSTATE OF MARYLAND a corporation of the State of MarylandORBy and through the following Administration an individual
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How to fill out attachment ii performance bond

01
Obtain a copy of the attachment ii performance bond form from the designated entity.
02
Fill out the form completely with accurate information such as project details, bond amount, surety information, and signatures.
03
Attach any required supporting documents such as financial statements or credit history information.
04
Review the completed form to ensure all sections are filled accurately and legibly.
05
Submit the filled-out attachment ii performance bond form to the relevant party for approval and processing.

Who needs attachment ii performance bond?

01
Attachment ii performance bond is typically required by contractors or construction companies when bidding on a government project.

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An Attachment II Performance Bond is a financial guarantee that ensures a party will fulfill their contractual obligations. It typically involves a third-party surety company that backs the obligations of the principal.
Entities or individuals who are required to provide a security assurance in contracts, commonly in construction or government contracts, are typically required to file an Attachment II Performance Bond.
To fill out an Attachment II Performance Bond, one must provide the principal's details, the obligee's information, the bond amount, and the execution date. It is important to ensure all fields are completed accurately and the document is signed by authorized parties.
The purpose of an Attachment II Performance Bond is to protect the obligee against losses that may occur if the principal fails to fulfill their contractual obligations, providing compensation up to the bond amount.
Information that must be reported includes the names and addresses of the principal and obligee, the bond amount, the surety company details, and specific terms regarding the obligations covered by the bond.
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