Making the right choice to mitigate and manage risk on construction projects and selecting the most fiscally responsible option to ensure timely project completion are imperative to a successful project – and a sound business. Gambling on a Contractor or Subcontractor whose level of commitment is uncertain or who could become bankrupt halfway through the job can be an economically devastating decision. Surety Bonds offer the optimal solution: providing financial security and construction assurance by assuring project owners that Contractors will perform the work and pay specified Subcontractors, laborers, and material suppliers.
~ Article Information From: Surety Information Office
The cost and complications of fraudulent surety bonds are avoidable. Learn how to eliminate your risk.
Performance Bond processing is typically more involved than Commercial but they still work basically the same. Learn about how Performance Bonds work.
If you need a Contractor License Bond Viking can help. The process is simple and easy. We provide great rates and fast service.
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Learn what bonded & insured means, how to get bonded, and which bonds are right for your needs. Find out about the bonding process and how to become bonded & insured.
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