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What is a GA – Cobb County – Stormwater Management Performance Bond?
A performance bond is a financial tool used to guarantee that in the event of a developer or contractor's default, funds are available to finish construction and ensure proper functioning. From the local government’s point of view, if they contracted with an insolvent company for too much work on their project then there will be delays and additional expenses when hiring someone else to do it.
Local governments require contractors on public projects to provide a bond from an independent bank or insurance company so that they can recover damages up to the cost of construction.
Need a Stormwater Management Performance Bond?
Swiftbonds is a leading provider of stormwater management performance bonds in the United States. We provide coverage for municipalities, counties, and other local government agencies to protect against potential losses from non-compliance with federal or state stormwater regulations.
Swiftbonds provides to protect companies from financial loss due to noncompliance with environmental regulations. We provide coverage in all 50 states, including Georgia.
Contact us for more information on how we can help your organization comply with federal or state stormwater regulations!
Why is the Stormwater Management Performance Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Read a Cordele, GA – Master Plumber $5,000 Bond.
How does a Stormwater Management Performance Bond work?
Getting a Stormwater Management Performance Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Have a Georgia – Right of Way Performance Bond.
How much does a Stormwater Management Performance Bond cost?
Stormwater Management Performance Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get a Stormwater Management Performance Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Here's a Augusta, GA-Richmond County Contractor License Bond.
How to get your Stormwater Management Performance Bond?
Would you like to know the first step in getting your Stormwater Management Performance Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. See a GA – Cobb County – Utility Accommodation Performance Bond.
Learn more about Cobb County bonding companies.