South Carolina Demand for Bond is a type of surety bond used to guarantee performance on a contract in the state of South Carolina. This bond is required by law for certain contractors and businesses that work in the state. It is issued by an insurance company or surety company to the obliged (the state of South Carolina) and guarantees that the contractor or business will fulfill their contractual obligations. There are several types of South Carolina Demand for Bond, including: public works' contractor bond, contractor license bond, and salesperson/broker bond. The bond amount is determined by the obliged and must be paid by the contractor or business before the contract can be fulfilled. The demand for bond is an important part of the contracting process as it ensures that the contractor or business will be able to fulfill their obligations and that the state of South Carolina is protected from any losses or damages that may occur due to non-performance.