A performance bond is necessary if you plan to bid on a governmental contract. Many business owners have gone after governmental contracts, but aren’t able to get the bonds and, as a result, lose the contract. With a bonding line a business owner can confidently say that if the contract is awarded, they will be able to obtain the performance and payment bond immediately.
PEDERSEN & SONS SURETY BOND AGENCY, INC.
15 Maiden Lane Suite #800
New York, NY 10038
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