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Get Performance - Payment Bond Sf352
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How to fill out the Performance - Payment Bond SF352 online
Filling out the Performance - Payment Bond SF352 is an essential step for individuals and organizations involved in government contracting in Washington State. This guide provides a comprehensive, step-by-step approach to help you complete the form accurately and efficiently online.
Follow the steps to complete the Performance - Payment Bond SF352 online
- Press the ‘Get Form’ button to access the Performance - Payment Bond SF352 and open it in your preferred online editor.
- In the section labeled 'Principal,' provide the legal name and business address of the individual or organization being bonded.
- Identify the type of organization by checking one of the available options: Individual, Partnership, Joint Venture, or Corporation.
- List the name(s) and business address(es) of the Surety(ies) in the designated area.
- Enter the contract date and the contract number as referenced in your agreement.
- Specify the sum amount of the bond, including applicable state sales tax, in both numerical and written format.
- Review the conditions of the obligation, ensuring the Principal understands their responsibilities regarding the performance of the contract.
- In the 'WITNESS WHEREOF' section, have the Principal sign and date the bond, including their title and phone number.
- Complete the Surety's information, including the name and title of the Attorney in Fact and Resident Agent, along with their signatures and phone numbers.
- After ensuring all information is correctly filled out, save your changes. You can then download, print, or share the completed form as needed.
Start filling out your Performance - Payment Bond SF352 online today to ensure compliance and facilitate your contracting process.
Cost: Bid bonds are generally issued by a surety company to a contractor at no charge. Performance & payment bonds are paid for by the contractor, with bond premiums generally ranging from 1% - 3% of the total contract value.
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