Archive for the ‘Insurance’ Category
Tuesday, July 28th, 2009
Steve Golia asked: US construction contractors depend on the surety industry to provide the Performance and Payment bonds routinely required on contracts with municipalities, the state or federal government. The purpose of the bond is to protect the interests of the taxpayers funding such public projects. These bonds are issued ...
Posted in Insurance | 32 Comments »
Monday, June 1st, 2009
Ron Victor asked: Introduction:Construction bond is a form of surety bond which is a mandatory for financial investors for large construction and federal construction projects. The principal has given the written statement that he will complete the entire contract according to the norms. He will complete the contract at no ...
Posted in Insurance | 1 Comment »
Thursday, May 28th, 2009
Ron Victor asked: Stability of surety bond market, most of the people try to differentiate the meaning of issuance of surety bond with stability of surety bond market. Actually, the meaning and the concept of these two terms are totally different. They both are not one and same. The term ...
Posted in Insurance | No Comments »
Sunday, October 5th, 2008
Ron Victor asked: Performance bond, the most required surety bonds among the customers or applicants. Performance bonds are issued in almost every surety bonding company or by the insurance company. Performance bonds are also forms part of the different kinds of surety bonds issued by the state bonding company. Performance ...
Posted in Insurance | No Comments »