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Jcrawford@ccisurety.com www.ccisurety.com 866.317.3294 ph 763.512.0430 fax Company Name (As Appears on Bond)1. CONTRACTOR INFORMATION Company Address:Business Phone # :City:State:Zip:ProprietorshipPartnershipJoint

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How to fill out bid payment amp performance

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Gather all necessary information and documentation required for the bid payment and performance form.

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Fill out the form accurately with the bid amount and performance details.

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Double check all information for accuracy and completeness before submitting the form.

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Submit the completed bid payment and performance form to the relevant authority or organization before the deadline.

Who needs bid payment amp performance?

01

Contractors who are bidding for a project and need to provide payment and performance guarantees.

02

Government agencies or organizations soliciting bids for projects that require payment and performance assurances.

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What is bid payment & performance?

Bid payment & performance refers to the financial assurances provided by contractors to guarantee completion of a project according to contract specifications. This ensures that the contractor will fulfill their obligations and that funds are available to complete the job.

Who is required to file bid payment & performance?

Typically, contractors engaged in public works contracts or projects that require financial surety must file bid payment & performance documents.

How to fill out bid payment & performance?

To fill out bid payment & performance forms, contractors must provide project details, personal information, financial information, and details about their surety bond, including its coverage and terms.

What is the purpose of bid payment & performance?

The purpose of bid payment & performance is to protect the project owner and ensure that the contractor can be held accountable for completing the work on time and within budget.

What information must be reported on bid payment & performance?

Required information typically includes contractor's name, project details, surety information, bond amounts, and any other relevant financial details to assure compliance and performance.

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