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How to fill out the PERFORMANCE BOND REQUEST FORM To - DaleGroup online
Filling out the performance bond request form is an essential step in securing the necessary bonds for your project. This guide will provide you with clear, step-by-step instructions to help you complete the form accurately and efficiently online.
Follow the steps to complete your performance bond request form.
- Click ‘Get Form’ button to obtain the form and open it for editing.
- Begin filling out the 'To' field at the top of the form with the name 'DaleGroup' and your information in the 'From' section. Fill in today's date accurately.
- Provide the details for the 'Contractor' and 'Owner/Obligee' fields. Include their full names and the complete address, ensuring you include the street address, city, state, and zip code.
- If this is a subcontract, indicate the owner's name in the designated field. Remember to attach the contract and award letter, as required.
- Fill in the 'Legal Project Name/Project Number' and 'Job Location'. Specify the contract date and the amounts for the contract and performance bond.
- Indicate the amount for the payment bond and the number of executed sets you are submitting.
- If applicable, complete the section for special bond forms and provide the estimated start date, completion time, and other project-specific details like retainage and work on hand.
- Indicate if a warranty period is necessary and whether the project is covered by the manufacturer. Confirm if there is a minority set aside requirement.
- List the major subcontractors involved in the project, ensuring you provide accurate names and details.
- If applicable, document any sub bonds, including the amounts and the option to confirm them as needed.
- Fill in the architect/engineer's details, including their name, phone number, and address.
- Provide information about any special hazards and any additional comments or notes that may apply to the project.
- At the end of the form, if not already included, summarize the bid results for the bidders, including their bid amounts.
- Once you have completed all sections, review the form for accuracy. You can then save changes, download, print, or share the form as needed.
Take the next step and complete your performance bond request form online today.
The cost of a performance bond can vary by the type of bond and the client, but a good rule of thumb is that it costs one to three percent (1-3%) of the contractual amount. The cost of a performance bond may go up by 1.5% to 2% on riskier contracts, or down even lower if your financial rating is stellar.
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