Payment Bond, Scottsdale, AZ (Business Opportunities - Other Business Ads)
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Item ID 132240345 in Category: Business Opportunities - Other Business Ads
Payment Bond, Scottsdale, AZ | |
A payment bond is a surety bond that is issued to a contractor for a project that ensures subcontractors, laborers, and material suppliers are paid for the work they do in a timely manner. Unlike a performance bond that ensures satisfaction of the completion of a project, a payment bond ensures that the right people get paid for their work no matter the outcome of the project. This surety bond is required by the contractor before the start of the project. A payment bond is an agreement between the person requesting the bond (usually subcontractors, material suppliers, or laborers) and the principal (usually a contractor) who holds the bond, acknowledging that if payment is not made in a timely manner, the obligee can make a claim on the payment bond and the surety will pay the compensation to appropriate parties.  | |
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| Target State: Arizona Target City : Scottsdale Last Update : Nov 18, 2022 3:14 PM Number of Views: 64 | Item Owner : Richard Contact Email: Contact Phone: 866-430-3322 |
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2023-02-02 (0.472 sec)