Feedback Form
Home Features Mastermind Forums About Advertise Blog Network Contact Be An Author

What's a Surety Bond?

What's a Surety Bond?
Free Download - StartUp Costs By Start Your Business
Name: Email:

What's a Surety Bond?

A surety bond is a three-party instrument between a surety, the contractor and the project owner. The agreement binds the contractor to comply with the terms and conditions of a contract. If the contractor is unable to successfully perform the contract, the surety assumes the contractor's responsibilities and ensures that the project is completed. Below are the four types of contract bonds that may be covered by an SBA guarantee:

1. Bid - Bond which guarantees that the bidder on a contract will enter into the contract and furnish the required payment and performance bonds.

2. Payment - Bond which guarantees payment from the contractor of money to persons who furnish labor, materials equipment and/or supplies for use in the performance of the contract.

3. Performance - Bond which guarantees that the contractor will perform the contract in accordance with its terms.

4. Ancillary - Bonds which are incidental and essential to the performance of the contract.





Whats a Surety Bond - To learn more about this author, visit Start Your Business's Website.

Like this article? Share it with your friends

Article Tags:

Article Feedback
 Article Feedback No article feedback found.
  Leave Your Feedback
article feedback

Article Feedback

To learn more about the Evan Elite Author Program please contact us.

 About The Author


Start Your Business
(Visit Start Your's Website)
Starting a business requires you to complete a number of steps and make some key decisions. Though part of your overall plan, you’ll need to select a location, decide on a business structure, and obtain the necessary licenses and permits. In addition, determining which financing options will meet your short-term needs and long-term goals is crucial. Within this section, we’ll provide information on these topics along with guidance on buying an existing business, copyright and trademark issues, and getting support from an outside expert.


Start Your Business is a Platinum author on EvanCarmichael.com
 About The Author

 Author Blog
 Author Blog

 Video
 Video

 Free Downloads


Start Your Business's

Complete
List Of
SBA
Articles

Name
Email
Author's Free Downloads
Strategic Planning Guide Icon Strategic Planning Guide
Why Banks Say No eguide Icon Why Banks Say No eguide
How To Get Media Attention Icon How To Get Media Attention
Venture Capital Guide Icon Venture Capital Guide
Small Business Financing Icon Small Business Financing
Why New Businesses Fail Icon Why New Businesses Fail
Entrepreneur Flight Manual Icon Entrepreneur Flight Manual

More Start Your Business
Closing Checklist
Credit Scoring
State Requirements
Lease Equipment
Fair Credit Reporting
Applying For A Loan
Credit Factors
Purchase Research
Handling Finances
Secondary Market Programs
 Free Downloads


 
 
 


Evan Elite Authors
Staging Diva  
Jay Kubassek  
Michiel Jonker  
Evan Elite Authors

Become An Author
Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details.
Become An Author

Evan's Latest Video
Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media
Evan's Latest Video




Evan's Newsletter
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
Name:
Email:
Evan`s Newsletter

Free Downloads
Networking & Service Industry Icon Networking & Service Industry
Instant Direct Mail Icon Instant Direct Mail
Quadruple Your Business Icon Quadruple Your Business
Self-Employment Guide Icon Self-Employment Guide
Solving Problems Icon Solving Problems
Free Downloads - Complete List

Entrepreneur Tools and Guides
Top 50 Political Blogs
Top 50 Political Blogs
Top Political Blogs of 2009
 
Top 50 Franchising Blogs
Top 50 Franchising Blogs
Top 50 Franchising Blogs
 
Entrepreneur Tools and Guides

SEO For Africa
SEO For Africa
Wahab Abdoulaye Wome, Togo,
Wahab Abdoulaye
Wome, Togo
SEO For Africa

If I Were A Startup...
Robert Iachetta, $372k to $921k in 2 years
Robert Iachetta
$372k to $921k in 2 years
Lee Segal, >1,800% Growth in 5 Years
Lee Segal
>1,800% Growth in 5 Years
If I Were A Startup... - Complete List

Famous Entrepreneurs
J.P. Morgan, JP Morgan
J.P. Morgan
JP Morgan
Henry Heinz, HJ Heinz
Henry Heinz
HJ Heinz
Famous Entrepreneurs

Entrepreneur Advice
Brad Feld, Venture Capitalist
Brad Feld
Venture Capitalist
Donald J. Trump, Trump University
Donald J. Trump
Trump University
Entrepreneur Advice - Complete List

Popular Articles
(Premium Authors)

     Why I Exchange Business Cards
By Terry Whalin
     Unspoken Yet Important Rules for Book Proposals
By Terry Whalin
     Need Inspiration? Get A Deadline
By Terry Whalin

Have A Suggestion?

Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!

Have A Suggestion?

More Evan Carmichael
More Information