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how to bond a janitorial service contract

Performance Bonds for Service Industries

Performance Bonds for Service Industries

A continuing trend for municipalities across the country is outsourcing of services. Everything from janitorial services, to equipment maintenance is being bid and awarded to outside firms.  As a means of pre-qualification as well as protecting the taxpayer, many of these newly outsourced services require bonding.  Requiring bid, performance and payment bonds on service contracts weeds out potential contractors that lack …