Why Bonding?
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Why Builders and Developers should obtain a surety
bond?
- The use of a Surety Bond does not
place a
long-term encumbrance on the Developer's
line
of credit.
- Surety Bonds are not subject to
automatic forfeiture in the event of a claim.
- Surety bonds guarantee performance
of the obligation.
- The public agency or owners of
property receive assurance that the Contractor has been pre-qualified through
the underwriting process.
- Certificates of Deposit and
Letters of Credit are often used as a form of Subdivision security.
With a
Surety Bond, the Developer frees up his capital for other purposes.
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Natalie@BalanceSurety.com
17780
Fitch, Suite 150 . Irvine, CA 92614
888-716-0401 .
PH: 949-263-3430 . Fax: 949-263-3434
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