Looking for bonds to reconstruct property

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PostPosted: Mon Feb 06, 2006 5:10 am   Post subject: Looking for bonds to reconstruct property  

I am inviting bids for reconstructing a commercial property that I have. I realize, there is a bond that would coat the contractors commitment to complete the agreed job. This has to be there in my bidding process. What sort of bond should I ask for?


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Francis
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PostPosted: Mon Feb 06, 2006 5:51 am   Post subject: Performance bond  

While opting for a bond you should always go for a Performance Bond. This bond guarantees that a contractor would definitely do his job in accordance with the terms of the contract.


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Eagle99
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PostPosted: Mon Feb 06, 2006 6:53 am   Post subject: Get yourself convinced  

Hi



This is to inform you, that a bidding process might be expensive,

depending on the value of a project. You should first look for bidders who

would post a bid bond that ensures their taking the job in accordance with

their bid and then need a performance bond. You need to be convinced, that they have CGL insurance, workers compensation, etc. in place.

steven
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steven

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