California License Number: 0E70906
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Toll Free (800) 598-7535 Local (949) 515-4194 Fax (949) 515-2984 |
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Contractor Bond, Subdivision Bonds, Developer Bond & Many More!
Performance and payment bonding is generally required for construction projects and assure that the contractor, or the principal, performs the requisite work and also properly compensates their labor, suppliers, subcontractors or any other entity entitled to payment under the bond. The owner of the project, or the obligee, is the beneficiary of the performance and payment contractor bond . Performance and payment bonds require the principal to meet the terms of a contract and allow the obligee to pursue the surety for unpaid compensation or incomplete work.
Another bond that we offer at Artisan Bonding is the subdivision bond. Created for those who are contracted to fulfill the building and developing needs of obligees whom are developing communities of homes, subdivision bonds protect the obligee for the cost of day-to-day facets of the subdivision, such as streets, utilities, storm drains and much more. Additionally, we offer developer bond options for those in the building industry.
In effect, contract surety bonds serve as written guarantees which fulfill the terms and conditions of a contract for construction of private and public work. We offer, but are no means limited to bid bonds, performance and payment bonds, supply bonds, maintenance bonds, and warranty bonds, all available through a contractor’s bond application.
