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Bond Alternative Program
The Bond Alternative Program is a unique
bonding program for contractors who do not currently meet all of the bonding
company’s underwriting guidelines. There are different components to this
program and depending upon your unique situation, the components will be
selected that best fit your company. Solutions may include issuing a Performance &
Payment Bond with conditions, guaranteeing completion of the project to the
Owner, Construction Manager, or General Contractor, administrative assistance,
funds management, escrow accounts, and technical assistance. The Bond
Alternative Program always includes monitoring the contractor’s performance and
project finances-- from mobilization through project completion.
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