Heatbud logo
My Zone Visit zone home page
Open Zone
< Previous Post
> Next Post
Create Post in this Zone
Create a new Zone
Login to favorite zones.
  • Interior painting near me
  • Business
  • MarketResearch
  • Market ResearchNest
  • Analytical Market Research Report
  • Trendy Women Tops That Will Help You To Improve
  • My Zone
  • Health
  • Research Trades Business Report
  • Market Research Report
  • eMarketOrg.com
  • Car Accessories
  • Industry Research Forcast
  • Global QYResearch
  • KD Market Insights
  • Chemical
  • Politics
  • AlgoroReports
  • Physical Activities
  • Panda Antivirus Support
  • Global QYResearch
  • Singing Bowls
  • Market Forecasters
  • College
  • Market Research Reports
Join the Social Blogging revolution!
A Small Guide to Construction Bond
Share Blog Post by URL Like Heatbud on Facebook
UNIQUE VIEWS   +   UP VOTES Vote Up   -   DOWN VOTES Vote Down   +   COMMENTS Comments   =   HEAT INDEX What is Heat Index?

To understand the need of a construction bond you will have to understand the basic with an example. Consider a person “X” is a commercial builder and he submitted a construction plan to a township. He was told that the construction plan he submitted was approved along with a little changes from the township. “X” agrees the terms of the township and is willing to work on the project. But, the township wants a guarantee from the commercial builder “X” that he will complete the project on time and with the exact requirements as mentioned.

Here a construction bond is a perfect tool to ensure guarantee to the township. The construction bond is obtained from a surety company. The construction bond can include 5 types of bond to cover the project. These bonds can be Construction performance bond, maintenance bond, stage payment bond, payment bond and tender or bid bonds. For more information about the construction performance bond you can refer the infographic below. You will certainly get to know some unknown facts about the construction bonds in the infographic and will understand the basics of the construction bond well.


1 blogger(s) are following this post, but not you. Follow?
No comments yet.
Post a Comment:
Related Posts:
By using our site, you acknowledge that you have read and understood our Cookie Policy, Privacy Policy and Terms of Service. GOT IT