Please spend your energy on the positive and helping things succeed rather than so much time trying to figure why it will fail!

When a sub files a lien it costs about 2 % of the lien amount for the Bond Company plus legal fees. So do your best to avert a lien if possible.

Bonds-

Always remember if you have a bonded subcontractor, you must become familiar with the bonding companies terms and conditions for that particular bond. The notification process you must follow for the bond to be valid will be outlined on the back. Even if your trade contractor is in default you must follow the outlined procedures or else the bond is null and void and we cannot collect.

This entry was posted on Monday, February 22nd, 2010 at 6:45 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.