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Clear Form (from date of substantial completion) Maintenance Bond Contractors Bonding and Insurance Company 1213 Valley Street P.O. Box 9271 Seattle, WA 98109-0271 For the CBIC branch nearest you,.

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How to fill out the Maintenance Bond Form online

Filling out the Maintenance Bond Form online can streamline your process and ensure that all necessary information is accurately captured. This guide will walk you through each step involved in completing the form, making it accessible and straightforward for everyone.

Follow the steps to successfully complete the Maintenance Bond Form

  1. Click the 'Get Form' button to access the Maintenance Bond Form and open it in the online editor.
  2. Locate the bond number field and enter the specific bond number assigned to your project. This number is crucial for tracking your bond.
  3. Fill in the contractor's name and address in the designated fields. This ensures accurate identification of the principal responsible for the bond.
  4. Provide the Premium amount in the space provided. This is the total sum for which the surety is bound.
  5. In the section describing the contract, briefly outline the work that the principal has contracted for. Ensure clarity to avoid misunderstandings.
  6. Indicate the maintenance period by specifying the number of years the principal commits to maintain the work free from defects. It's important to align this period with relevant laws.
  7. Fill in the date of substantial completion of the work, as this will establish the starting point for the maintenance period stated in the bond.
  8. Obtain the required signatures and titles, ensuring that the attorney-in-fact signs on behalf of the Contractors Bonding and Insurance Company.
  9. After you have completed the form, save your changes. You may then download, print, or share the form as needed.

Start filling out your Maintenance Bond Form online today for a smooth process.

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MCE Course Application - Texas Real Estate Commission 132 NOVEMBER 30, 2005 TEXAS REAL ESTATE COMMISSION PROCUREMENT PLAN NOVEMBER 30, 2005 TABLE OF WLWkshp-HouFY11.doc Effective This Date - The Railroad Commission Of Texas

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The bond form is the actual verbiage required by the obligee (party requiring the bond). The wording is very specific, and the same type of surety bond can have vastly different wording from one State to the next. The answer to the former is this: a bond form is the form that the bond is written on.

Sometimes called warranty bonds, a maintenance bond is a type of surety bond that protects the owner of a completed construction project for a specified time period against faults and defects in workmanship, materials, and design that could arise later if the work was done incorrectly.

Typically, if an applicant has a high credit score, they can expect their bond to cost between 1%-4% of the total bond amount. For a $30,000 maintenance bond, for example, principals can expect a premium between $300 and $1,200.

In simple terms, a surety bond is an agreement between three parties, while a traditional insurance policy is an agreement between two. A surety agreement involves the principal, the surety, and the obligee. In this arrangement, you (the business owner) are the principal, and the obligee is your client.

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