Bonding

Contractor Bonding With IDG, New York

Section: What is a surety bond?

A surety bond is an agreement between three parties ensuring an obligee that the principal will meet a certain set of requirements. The principal (you) agrees to comply with the terms established by the bond, while the surety agrees to make good if you fail to live up to your end of the contract. Surety […]

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What You Should Know About Bid Bonds

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What is a bid bond? Bid bonds are sometimes a necessity for contractors who apply for government jobs. Though the practice is not necessary for private jobs or projects with other private companies, there are some companies that require a bid bond before you can start your projects, even if it’s just a simple home

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