An instructional school bond is a type of surety bond. Many states require schools to acquire these bonds to ensure their academic institutions faithfully fulfill contracts and agreements. Colleges and private schools often handle large financial transactions and are required to abide by strict regulations. If you’re a dean, private school board member, another college […]
Category Archives: Surety Bonds
02
Jun
Jun
Construction Bonds 101 [3 Steps to Getting Your First Contract Bond] Many companies do not pursue public work, simply because of the fear of having to obtain a surety bond. Bid bonds, performance bonds, payment bonds, and maintenance bonds are often required on every public construction project. I know this thought of potentially having to […]
01
Apr
Apr
Surety bonds can be confusing, so we’ve created a comprehensive glossary of terms and definitions to help. It can act as your guide as you navigate the world of surety. As a reminder, a surety bond is a three-party agreement that binds together a surety company, a principal, and an obligee. The surety company provides […]