This form may be completed and used by a subcontractor or supplier who has not been fully paid on a project and is seeking payment from the surety (insurer) under the terms of a payment bond. In construction, a payment bond is a bond on the general contractor to ensure payment to subcontractors and suppliers.
Bond Claim Letter Example With Letterhead
Category:
State:
Multi-State
Control #:
US-CONST3
Format:
Word;
Rich Text
Instant download
Description
How to fill out Bond Claim Notice?
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FAQ
The letter typically begins by introducing the claimant and the defendant, providing their contact information, and stating the nature of the claim. The template then proceeds to describe the background of the case and the facts supporting the claim.
At the beginning of your letter, indicate that you are making a claim and specify the type of claim you are making (e.g., an insurance claim). State the policy number, if applicable. Describe the specific circumstances or details of the claim (for example, that a product is defective or the details of an accident).
This letter provides evidence that the contractor has a surety relationship. It might say how long that relationship has existed; give the financial rating and T-listing of the surety and give general parameters of the limits of what kind of bonding the contractor would be considered for.
What is the format of a letter of claim? Say who you are. ... Set out the accident circumstances. ... Allege negligence or fault or breach of statute. ... Describe your injuries and financial losses. ... Request sight of relevant documentation. ... Nominate medical experts. ... Request that the Defendant's insurer be notified of your claim.
Make it clear that you're looking for compensation - but don't specify exactly what you want. End the letter asking for 'a meaningful and substantial gesture of goodwill'. You don't want to underestimate the value of your claim. Leave it up to the company and you might be pleasantly surprised.
