Jail-expansion project hits a snag; $7.5 million Bidder has yet to get a performance bondJOHN EVERLY
If a company's employee is performing a service in a customer's home and steals something, a fidelity bond can be used to cover the cost of the employee's misconduct and the company is not held directly liable for the damages caused by the employee. So while a fidelity bond is primarily...
The penalty on a bid bond is generally ten percent of the tender price of the bidder. Contractors really prefer to use these as they are a less expensive option than others available. They also do not lock up cash or bank credit lines while the bidding process is ongoing. General ...
In California, all contractors must hold a contractor license bond. Two additional bonds may be required: A Bond of Qualifying Individual for when the qualifier is a responsible managing employee OR when a responsible managing member, manager, or owner has less than 10% stock ownership An LLC ...
you should still have insurance. If your profession does require licensing, then a surety bond might have to be a part of your licensing application. These regulations often vary on a state level. Specific examples of mandatory license bonds include freight brokers, contractors, and auto dealers....
Maintain a balance of at least $2,000 in the account for 30 days or more. Terms and conditions apply. Get Free Fractional Shares Read Review Expires in 4 days The stock market can feel intimidating and expensive. But as it turns out, you don't have to break the bank to get your ...
Communication:It’s important for a contractor to stay in close communication with the bond agent throughout the year, regarding financial information, job schedules, and any major changes within the business. Collaboration:Bond agents and sureties prefer that contractors work with banks, insurance co...
The joy of owning a pet may be priceless, yet the cost to your budget is real. Consider these five financial moves before becoming a pet parent. Like so many other pet parents, it's impossible for me to fully explain the deep connection I have with my sweet Maltipoo mix, Lulu, and ...
Maine Superintendent of Consumer Credit Protection Linda Conti says for this group of regulators, this is one of the highest amounts ever reached in a settlement. More than 50 million people have used Cash App. Also read: Maine performance venues warn of ticket resale issues with 3...
Companies that wish to offer stock or bond for sale to the public must file a prospectus as part of the registration process with the SEC. Companies must file a preliminary and final prospectus. However, the SEC has specific guidelines as to what's listed in a prospectus for various securiti...