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Tim Scott
2025-11-26 07:00:01

Who Requires Contract Surety Bonds?
This infographic rallies around the question: “Which kinds of businesses or contracts trigger a contract-type surety bond?” It explains that contract surety bonds (performance, payment, bid bonds) are required when a party enters into a contract (often in construction or service delivery) and the other party (obligee) wants assurance the contract will be completed and obligations...

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Tim Scott
2026-01-28 10:18:33

Who Requires Contract Surety Bonds?
The infographic provides a clear overview of who typically requires contract surety bonds and why they are essential in contractual agreements. It begins by explaining that contract surety bonds serve as a financial guarantee, ensuring that a contractor or service provider will fulfill the terms of a contract. This protection helps prevent financial loss or project delays if obligations are not...

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