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An Invalid Subcontractor Agreement leads to a Bid Bond Headache

Be Careful in your Bond Agreements Below is a good article on a bid bond and how your bonds can be called into question by related deals.  Specifically, it is all about a side agreement that allows for the pooling of resources.  This arrangement is not a bad one, but...

Bid Bond Brouhaha

Below is a really good article on bids and how they can go awry.  As you can see, there are legal threats and lawsuits being planned by the contractors whose bids were not accepted.   The bids, like in many cases, were a wide range – going from $4.6 to $6...

Surety Bond

As a business owner, you need a surety bond to protect your best interests. Therefore, you have to choose the right bonding company to make sure you are protected. When choosing from the many bonding companies around, see to it that you exercise common sense when...

Bid Bonds For Bad Credit

Desperate needs call for desperate measures. Any person can require quick and easy funds at any point in time. However, if he is a bad creditor, it becomes more difficult for him to avail the fund. In such a case, Bad Credit Loans prove very beneficial. Bad Credit...

Bid Bond Definition

Law defined by the Webster dictionary is a ‘binding custom or practice of a community’. It is ‘a rule of conduct or action prescribed or formally recognized as binding or enforced by a controlling authority’. Each land has its own law but the...

Bid Bond

For most occupations, including the likes of insurance agents, contractors, and any business that relates to bidding or labor forces, will require some type of surty bond. Even though there are many types of bonds available including, permit, licensing, contract bond,...