The Wisconsin Property Bond Approval Form is a legal document that must be completed by a surety company in order to guarantee the performance of an individual or business in accordance with their contractual obligations. The form is required for the approval of bond amounts in Wisconsin, and is used to secure payment to creditors in the event of a default on the contract. The form includes information such as the applicant's name, address, and contact details, as well as the bond amount and terms of payment. There are three main types of Wisconsin Property Bond Approval Forms: Construction Bonds, Performance Bonds, and Payment Bonds. Construction Bonds guarantee that the contractor will complete the contracted work in accordance with the project specifications. Performance Bonds are bonds that guarantee the performance of a contract, such as the delivery of goods or services. Payment Bonds guarantee payment to subcontractors and suppliers in the event that the contractor fails to pay them.