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  • Performance Guarantee Bond Application Form - Old And Bibadoc

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HCC INTERNATIONAL CREDIT & SURETY DIVISION PERFORMANCE / ADVANCE PAYMENT / RETENTION / BID BOND APPLICATION FORM 1. Type of bond required Performance Retention 2. Full name of Applicant: 3. Advance.

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How to fill out the Performance Guarantee Bond Application Form - Old And BIBAdoc online

The Performance Guarantee Bond Application Form - Old And BIBAdoc is essential for users seeking to secure performance bonds. This guide provides clear, step-by-step instructions to help you easily complete the form online and ensure all necessary details are accurately submitted.

Follow the steps to complete your Performance Guarantee Bond Application form online.

  1. Click the ‘Get Form’ button to access the Performance Guarantee Bond Application Form - Old And BIBAdoc in your editor.
  2. In the first section, indicate the type of bond required by selecting one of the options: Performance, Retention, Advance Payment, or Bid.
  3. Provide your full name in the designated field for the Applicant section.
  4. Identify the Beneficiary of the Bond by entering their name, address, and phone number. If the entity mentioned is a Main Contractor/Management Contractor, include the name of the Employer.
  5. Detail the main contract works and their location, ensuring to include specific information. If the bond is related to a Sub Contract/Works Package, describe the works to be undertaken.
  6. Indicate your role by selecting one of the options: Main Contractor, Nominated Sub Contractor, Works Contractor, Managing Contractor, Domestic Sub Contractor, or Supplier.
  7. Enter the Contract Price in the provided field.
  8. Specify the Bond Amount required.
  9. For the Main Contract, fill in the Commencement Date, Completion Date, Contract Period, and Defects Liability as applicable.
  10. If the bond relates to a Sub Contract/Works Contract, complete the necessary sections regarding Commencement Date, Completion Date, Contract Period, and Defects Liability.
  11. Input the percentage of retentions in the designated section.
  12. Detail the form of contract and any alterations or deletions to the standard form, specifying if it relates to a Sub Contract/Works Contract.
  13. Indicate the required form of Bond by selecting from enclosed, to follow, or none specified. Also, select when the bond will be released.
  14. Provide the name and address of the Architect, Quantity Surveyor, or Engineer, along with their phone number.
  15. Indicate if a proposal has been made to any other Surety for this Bond and provide details including name and result.
  16. Finally, review the declaration statement, providing your signature, title or position, and the date of submission.
  17. Once all fields are completed, save your changes, and you can choose to download, print, or share the form.

Complete your Performance Guarantee Bond Application Form online today for a seamless processing experience.

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When can you release a performance bond? Generally, as with any construction guarantee agreement, if there is no stated discharge date or making good any defects clause in your contract then you should expect to wait until after practical completion of works before receiving payment.

The Bonds act as financial guarantees and have no warranty that a bank will complete on a contract in the event that the customer fails to do so. A performance bond is usually issued by a bank or insurance company to guarantee satisfactory completion of a project by a contractor.

First, write the name of the obligor or project owner on line preceded by "are held and firmly bonded to." Then write down how much money is at issue in this bond. Once that's done sign your signature where requested with a notary public present who will then make sure it was signed legally.

How Long Does a Performance Bond Last? The time limit for claiming a performance bond will be spelled out in the bond contract. However, most performance bonds have a duration of twelve months, with some lasting for 36 months. In addition, your bond may be renewable or non-renewable.

Performance bonds are bound to contracts, so they expire when the contract timeframe ends. They only exist as long as the contract is in effect and disappear when it expires - which can be for any number of reasons including breaking up a team or company!

A bond application form is a legal contract between a principal and an obligee. With this form, parties can fill out relevant information such as the description of the bond, contact details of the parties, type of bond, bond amount, effective date, upload signatures, and so on.

They serve as a guarantee on the contractor's behalf that the construction project will be completed in ance with the agreed-upon terms and conditions. They are obtained by the contractor, and money put into the bond can only be returned to them upon completion of the project.

Surety bonds generally don't last forever. Many operate within a certain time frame, and a sort of “expiration date” can be attached to them. While the effect of the bond may expire after the bond's term has come to an end, bonds can often be renewed in order to extend their coverage further.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232