Bond # PERFORMANCE BOND The American Institute of Architects, Document No. A312 (December, 1984 Edition) Any singular reference to Contractor, Surety, Owner or other party shall be considered plural.
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How to fill out the Old Republic Surety online
Filling out the Old Republic Surety form correctly is essential for ensuring compliance and protecting all parties involved in a construction contract. This guide provides detailed instructions on how to navigate the form effectively, ensuring clarity and accuracy as you complete each section.
Follow the steps to fill out the Old Republic Surety online:
- Press the ‘Get Form’ button to retrieve the Old Republic Surety form and open it for editing.
- Begin by entering the contractor's full name and address in the designated field. Ensure that all information is accurate to avoid any future disputes.
- Next, fill in the owner's name and address. This section identifies who is the recipient of the contract performance.
- Proceed to the construction contract details. Include the name of the contract, the date, and the amount of the contract.
- In the Bond section, indicate the bond date, ensuring it is not earlier than the construction contract date. Enter the total bond amount as required.
- Identify any modifications made to the bond, if applicable, in the specified section.
- The Surety should be named next. Fill in the Surety's name and include the principal place of business.
- Sign the form where indicated. The contractor must provide their name, title, and company, alongside their signature. Ensure the corporate seal is applied.
- If applicable, additional signatures may be provided on page two of the form.
- Contact information for the agent or broker should be included, followed by the owner's representative details.
- Review all entries for completeness and accuracy before moving to finalize your submission.
- Once all required fields are filled out, save the changes, and you can download, print, or share the completed form.
Complete the Old Republic Surety form online to ensure your construction project is protected.
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Get answers to your most pressing questions about US Legal Forms API.
What does surety of a person mean?
assurity. It is a Caribbean dialect word meaning : firm promise. I give you the assurity I will pay you the money after I get paid.
What does it mean to be surety for someone?
A surety is a person who comes to court and promises to supervise an accused person while they are out on bail. A surety also promises an amount of money to the court if the accused doesn't follow one or more of the bail conditions or doesn't show up to court when required.
Who owns Old Republic surety?
Old Republic Surety Company is part of the Old Republic General Insurance Group, the largest business segment within Old Republic International Corporation (NYSE: ORI), one of the nation's 50 largest publicly held insurance organizations.
What is the biblical meaning of surety?
one who becomes responsible for another. Christ is the surety of the better covenant ( Hebrews 7:22 ). In him we have the assurance that all its provisions will be fully and faithfully carried out.
What is the best rating for Old Republic Surety Company?
Old Republic Insurance Company Rating (Rating Category):aa- (Superior)Outlook (or Implication):StableAction:AffirmedEffective Date:June 10, 2022Initial Rating Date:June 20, 2005
What is a surety relationship?
A surety is a person or party that takes responsibility for the debt, default, or other financial responsibilities of another party. A surety is often used in contracts in which one party's financial holdings or well-being are in question and the other party wants a guarantor.
What is the role of the surety?
A surety is an assurance of one party's debts to another. A surety is an entity or an individual who assumes the duty of paying the debt in the event that a debtor fails or is not able to make the payments. The party which guarantees the debt is called a surety, or the guarantor.
What is the purpose of surety bond?
A surety bond is a promise to be liable for the debt, default, or failure of another. It is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee).
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