USA American Eagle Bonds and Kathy White, owner is pleased to announce that they offer surety bonds of four separate types. — Performance bonds, bid bonds, payment bonds and ancillary bonds are each available for business owners as needed. A surety bond is meant to ensure completion of a contract in the event that the contractor defaults. The project owner wants a contractor who will complete the contract. The contractor will purchase a surety bond from a company that specializes in sureties. In the event of a default, the surety company will find another contractor to complete the contract or compensate the owner of the project for financial loss.
Many different companies that perform services are required to, or choose to, purchase a bond in order to receive work from another firm or a consumer to protect if the business doing the work doesn't perform as agreed. Often, contractors or businesses that need licenses are also required to have a type of surety bond in place in order to protect the consumer if there is negligence, or if a firm goes out of business. Some type of bonding may be required, even if the contractor has general insurance.
According to Kathy White, owner of the firm, “You may wonder when you need a surety bond". Any Federal construction contracts with a value of $150K or more is required to post a surety bond when bidding or as a condition of contract aware. Many state and local governments and private entities have similar requirements. Service contracts and sometimes supply contract also require surety bonds.
The company has provided surety bonds for thousands of customers in need of Performance Bonds, Bid Bonds, Fidelity Bonds, any type of License Bonds, Permit Bonds, Subdivision Completion bonds, Auto Dealer bonds, and BMC 84 Truck Broker Bonds. The bond is provided quickly, thanks to in-house professionals. USA American Eagle Bonds is the leader when a high risk surety bond with bad credit is required.
Name: Kathy White, Owner
Email: Send Email
Organization: USA American Eagle Bonds
Address: 4121 E. Valley Auto Drive #104, Mesa AZ
Phone: (480) 471-8466
Source URL: http://usabonds.us/press-release
Release ID: 125026