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Looking for bonds to reconstruct property

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Posted: 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? _________________ Register Now to have your Insurance queries solved.	Francis Guest
Posted: 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. _________________ Register Now to have your Insurance queries solved.	Eagle99 Guest
Posted: 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 Senior member Joined: 02 Feb 2006 Posts: 1553 215.66 Dollars($)

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