Bonds

• Performance Bond
• • To be issued guaranteeing the prosecution of the project in accordance with the plans and specification for a specific period of time.

• Surety Bonds
  • To be issued as full undertaking guaranteeing on the full recoupment on the Advance payment through deduction from progress billing.

• Surety bond for release of 10% retention
  • To guarantee the repairs of any hidden defects and workmanship during the period of construction

• Surety Bond (Maintenance & Warranty)
  • To guarantee the correction and repair of hidden defects in the materials and workmanship used one year from date of acceptance of the project.

• Surety bond for payment of labor and materials  
  • To guarantee the payments of labor and materials by the Contractor.

Answers for any claims filed by third parties who have been deprived of participation in the estate of a deceased person within a period of two years from settlement.

1. Notice of Claim
2. Proof of payment
3. Accomplishment report
4. Principal Contract
5. Proof of default
6. Communication of principal with obligee