Bid Bond Archives • Pedersen & Sons

Execution and Lead Time

by admin | Dec 19, 2025 | Court Bonds, Mechanic’s Lien Bonds, Surety Bonds

In the world of surety bonds, timing is everything. Whether you’re dealing with a bid bond, a court-ordered bond, or a mechanics lien discharge bond, you must build in lead time—not just to issue the bond, but for signatures, notarization, delivery, and final...

Performance & Payment Bonds: Why Contractors Need a Bank Line of Credit (LOC)

by admin | Oct 3, 2025 | Payment Bonds, Performance Bonds

Performance and Payment Bonds: Why Contractors Need a Bank Line of Credit (LOC) When bidding on government or private projects, many contractors discover for the first time that they need a bid bond and ultimately a performance bond and a payment bond — two of the...

Performance Bonds [VIDEO]

by admin | Feb 15, 2021 | Performance Bonds

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...

Execution and Lead Time

Performance & Payment Bonds: Why Contractors Need a Bank Line of Credit (LOC)

Performance Bonds [VIDEO]

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