Supply bonds are a type of contract bond. These bonds require a surety to guarantee a supplier will provide the proper materials needed as according to a contract. The entity requiring the materials is often a government or public body, but sometimes the entity is a...
Surety consists of two main divisions – commercial surety and contract surety. These two divisions differ from each other in several ways. Contract surety involves bonds for private and public enterprises pursuing the fulfillment of a contract. These bonds act as a...
