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
Viking can get you from bond application to bond in hand quick and easy. We work with both good and bad credit clients. Get started here.
A Performance Bond is a type of Contract Bond. These typically involve an awarded contract. Read on to learn more.
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