Arizona Complaint regarding Subcontractor against contractor and surety
Description
How to fill out Complaint Regarding Subcontractor Against Contractor And Surety?
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FAQ
A surety bond is a contract between three parties?the principal (you), the surety (us) and the obligee (the entity requiring the bond)?in which the surety financially guarantees to an obligee that the principal will act in ance with the terms established by the bond.
Arizona Contractor License Bond. Surety bonds are an insurance policy that guarantees that an individual or business will fulfill their obligations to a client.
The $100,000 Arizona auto dealer bond costs between $675 to $8,000 for a 1 year term or $68 to $800 per month.
All applicants for a contractor license in the state of Arizona must post a contractor license bond to the Arizona Registrar of Contractors (ROC). This bond guarantees the licensed contractors will abide by the provisions of Chapter 10, Title 32 of the Arizona Revised Statutes (ARS).
The process is pretty simple: Go to this link or hit the My Account link from the navigation bar above. Login or Register for a new account in our online portal. ... Once you've registered and logged in, you will see a large blue "File a Complaint" button on the Dashboard page.
The surety bonds shall be executed by the contractor as principal with a corporation duly authorized to transact surety business in this state. Evidence of a surety bond shall be submitted to the registrar in a form acceptable to the registrar.
Yes. It may be illegal for the subcontractor to operate without a license, but that does not mean a project owner can simply keep the value of the work performed without paying for it.
Contractor's Prompt Pay Obligation. Every contractor or subcontractor must pay its licensed subcontractors and suppliers for their labor or materials within seven days of its own receipt of payment from the owner. An unpaid subcontractor or supplier is entitled to interest on unpaid amounts at 18% per annum.
