A surety bond may be defined as contract between three parties guaranteeing that a job will be accomplished in accordance to the contract terms. The three are the project owner who is the obligee, contractor who’s the principal and the…

A surety bond can be defined as contract between three parties guaranteeing that a job will be accomplished in accordance to the contract terms. The three are the project owner who is the obligee, contractor who’s the principal and the…

A surety bond could be defined as contract between three parties guaranteeing that a job will be completed in accordance to the contract terms. The three are the project owner who is the obligee, contractor who is the principal and…

The surety bonds are a method of promising to pay a party a specific amount in case the principal is unable to satisfy his obligations. This obligation might be within the form of making payments or fulfilling a contract. With…

A surety bond can be defined as contract between three parties guaranteeing that a job will be accomplished in accordance to the contract terms. The three are the project owner who’s the obligee, contractor who is the principal and the…