Subdivision Bonds — Part 4

Subdivision Bonds — Part 4

Suretyship is one of the oldest professions in the world, but few are familiar with the industry. In a way, a surety bond is similar to having a co-signer for an obligation. It is viewed as an extension of credit. If the developer of a project fails to build what is...
Subdivision Bonds — Part 2

Subdivision Bonds — Part 2

Subdivision bonds, a type of surety bond, are currently in demand as housing prices continue to rise and developers look to build homes and housing developments. Builders purchase raw land for the project and depending on which governmental entity — states, counties,...
Bid and Performance Bonds [VIDEO]

Bid and Performance Bonds [VIDEO]

When planning to bid on a government or large private-sector contract, it is important to obtain a bid bond ahead of time to guarantee to the business entity that you can accept and enter into a contract.  Neil Pedersen PEDERSEN & SONS SURETY BOND AGENCY, INC. 15...
Performance Bonds [VIDEO]

Performance Bonds [VIDEO]

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...

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