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The Eastman Law Firm
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Performance Security Form - The Performance Security Form is republished from http://swiftbonds.com What is a Performance Security Form? A performance security form is another name for a performance bond form.  These forms are used when a performance or payment bond is needed.  A couple of key considerations is that the performance bond and payment bond are usually granted on the same performance security form, but there are times when they are different.  For example, a payment bond can be limited solely to the term of the agreement, plus a few months extra to take care of any potential liens that could be filed against the project by the vendor. A performance bond is typically a bit longer than that as the owner will normally want some time for a maintenance period.  That is, the maintenance period is the time for the owner to inspect the property and make sure that there are not any hidden defects in the property.  This time is typically a year or two (although I have seen several that last three years

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Bid Bond Bank Guarantee - This Bid Bond Bank Guarantee was originally seen on http://swiftbonds.com What is a Bid Bond Bank Guarantee? A bid bond bank guarantee is another name for a surety bond known as a bid bond. A bid bond is required for many governmental contracts and then the high bidder will be required to get a performance bond.  A performance bond is usually given to a construction company when they need to be bonded for a surety bond job.  In addition, a performance bond is usually granted in conjunction with payment bond.  A performance bond is required for any governmental contract as dictated by the Miller Act.  Most states have also passed statutes that require a performance and payment bond in their own states and these laws are known as little miller acts. The bid bond bank guarantee shows that the bank is providing the suretyship on behalf of the bidding company. This guarantee has several benefits to the bidding company, such as allowing them to bid on multiple contracts at the same time

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How to Get Your Freight Broker License - The blog post How to Get Your Freight Broker License was originally seen on swiftbonds.com See more about Swiftbonds on our surety bond page page here.

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Performance Guarantee Agreement - The following article Performance Guarantee Agreement was first published on http://www.swiftbonds.com/ What is a Performance Guarantee Agreement? A performance guarantee agreement is another name for a surety bond known as a performance bond.  A performance bond is usually given to a construction company when they need to be bonded for a surety bond job.  In addition, a performance bond is usually granted in conjunction with payment bond.  A performance bond is required for any governmental contract as dictated by the Miller Act.  Most states have also passed statutes that require a performance and payment bond in their own states and these laws are known as little miller acts. A performance bond guarantees that the Obligor (the contractor) will perform according to the terms of the contract.  If not, the surety will step in and provide another contractor to finish the job.  If they cannot find another contractor to finish the job, then they will pay damages to the Obligee (the

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Credit Repair Business Surety Bond Requirements Credit Score - This post Credit Repair Business Surety Bond Requirements Credit Score Read more on: Swiftbonds See more about Swiftbonds on our surety bond page page here.

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Bond Insurance Cover - The following post Bond Insurance Cover is available on Swiftbonds.com Blog What does Bond Insurance Cover? Bond insurance covers a whole host of items. It should be understood that a surety bond is not really insurance. Instead, it is a three party agreement where a large insurance company (or another company) provide a guarantee on behalf of another company. This guarantee is known as a surety bond. In general, what happens in a normal situation is that one party needs a surety bond for a job, such as a general contractor on a federal work site. Under the Miller Act, the general contract is required to have this performance bond. So, they will contact a surety bond company. The surety performance bond will be written so that the surety will provide assurance to the government (known as the Obligee) that the general contractor (the Obligor) will perform, or else the surety will find another company to perform on its behalf.

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Bank Performance Guarantee - The following post Bank Performance Guarantee is available on http://swiftbonds.com What is a Bank Performance Guarantee? A bank performance guarantee is another name for a surety bond known as a performance bond.  A performance bond is a type of surety bond that is provided during a contract situation to allow a party to have assurance that another party will perform according to the terms of the agreement. The Miller Act requires a performance bond for all federal jobs and many states have passed similar acts (sometimes referred to as Little Miller Acts). One thing that can be different about a bank performance guarantee is that in international bonding, these can refer to financial guarantees. Although they are still typically titled as Performance Bonds they tend to act like a financial guarantee. The big difference is that in a standard performance bond situation, the surety can step in and choose another contractor to finish the job. However, in a financial guarantee situation,

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Can I Get a Surety Bond with Bad Credit? - The following article Can I Get a Surety Bond with Bad Credit? was originally seen on www.swiftbonds.com See more about Swiftbonds on our surety bond page page here.

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Big Boss 10: Swami Om in trouble, Delhi court issued a non-bailable warrant | Filmibeat - This following article Big Boss 10: Swami Om in trouble, Delhi court issued a non-bailable warrant | Filmibeat Read more on: www.swiftbonds.com See more about Swiftbonds on our surety bond page page here.

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Investing in Corporate Bonds - This Investing in Corporate Bonds See more on: http://www.swiftbonds.com/ See more about Swiftbonds on our surety bond page page here.
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