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contracting bond

What is a payment bond?

What is a payment bond?

What is a payment bond? A payment bond is a third party guarantee that a company will pay the bills associated with a particular contract. It is a type of surety bond.  There is no “blanket” payment bond, a bond that would guarantee all of companies bills get paid. They are always contract specific.
When would I need a payment …

 

How the SBA Bond Guaranty Program Works

If you are a contractor in the public works sector, you likely know about bid, performance, and payment bonds.  You also likely know that qualifying for bonds depend on the financial condition of your company, personal finances, and experience as a contractor. Bonding is a lot like applying for a loan. Similar to lending, a contractor qualifies up to a …

 

Lower Rates For California Contractor License Bonds

CNA Surety, one of the largest writers of surety bonds in the U.S. has new lower rates for California Contractor License Bonds.
Through it’s Western Surety operating company CNA has announced State approval and immediate use of new, lower rates for California Contractor License Bonds. The State required $15,000 rates are as follows:

Super Preferred Plus rate $90.00 …