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Brambleton, VA Surety Bonds

Welcome to Pro Surety Bond, the home of the affordably priced surety bond. We specialize in all types of Contract and Construction Bonds including Payment and Performance Bonds, Subdivision and Off Site Bonds, Bid Bonds, License and Permit Bonds, Court Bonds, Fidelity Bonds and all types of Miscellaneous Surety Bonds. One call to 800-314-7003 will get you the best surety bond rate we can find in our network of underwriters. We know the bond business. Call the Brambleton Surety Bond Pros at 800-314-7003!

Brambleton Surety Bonds For The Best Protection

Call 800-314-7003! What is a surety bond? A surety bond protects one party from damages another might cause them to incur because the latter party defaulted on a commitment. If you are a landscaper in Virginia, you must protect your customers financially if you cause them damages. A surety bond is good for this because it guarantees that a valid claim will be paid no matter what, even if the landscaper disagrees with the claim. Sureties can provide these kinds of commitments because they have to financial strength that comes with belonging to an industry that has a host of its own regulations that guarantee its solvency. It can make a defaulting company a short-term loan easily, though the surety has to be paid back. Pro Surety Bond has over 25 years of combined industry experience. Call even if you aren't sure you can be bonded with a bad credit report. Call 800-314-7003!

Bidding Opportunities in Brambleton

If you are bidding on public projects for the City of Brambleton you may be required to post a Bid Bond. The Bid Bond guarantees you will be able to provide the Performance Bonds required in the event you are the low bidder. In essence the Bid Bond pre-qualifies you for the work you are bidding on. Not all jobs require bonding but if they do we can assist you with Bid Bonds, and subsequent Performance and Payment Bonds as required by the state. Please call the Contract Bond Team at Pro Surety Bond for more information.

Click Here for Bidding Opportunities for the City of Brambleton

1 Harrison St. SE, Leesburg, VA 20177-7000

Phone: 703-777-0563

Map to Finance Department

The City Of Brambleton, Virginia

Brambleton is a census-designated place in Loudoun County and it is the 84th largest in the Commonwealth of Virginia. Brambleton is named after a plantation that was once located in the vicinity, but it’s a very new community, only being constructed as of 2001. It is a planned community located on about 2500 acres near Ashburn, Virginia, and was designed to be pedestrian friendly with attractive streetscapes. Brambleton is about one and a half miles from Washington Dulles International Airport.

Do I need good credit to get a surety bond? As a rule it’s better to have good credit than bad credit, but there are exceptions to the rule. Credit is important for surety underwriters because when they agree to take on the responsibility of ensuring that your contractual agreement is met, they are usually doing so with no collateral on your part. People with good credit don’t generally default on agreements, but if a claim needs to be made, the surety knows that they can collect from you. That said, there are underwriters who work especially with poor credit cases, and they are authorized to work out any number of conditions that will get you the bond you need, whether it be putting up collateral, paying a higher premium, or otherwise.  Call the Brambleton Surety Bond Pros Today at 800-314-7003!

Are letters of credit a good alternative to surety bonds? It depends on who wants it. If you are a party that wants coverage, letters of credit are superior because the banks that issue them are not concerned whether a claim against a presumed default is valid, fraudulent or otherwise. When someone wants to make a claim against a letter of credit, all they have to do is submit some boilerplate paperwork and the bank has to release the money to them. The bank doesn’t investigate the matter and doesn’t even care what your contract with the claimant says. If you have a beef with the claimant over a claim paid out in your name, see you in court; the bank has washed its hands of both of you.

Brambleton Surety Bond Prices Have Never Been This Good

On the other hand, sureties must investigate all claims. It’s in a surety’s best interest to check for invalid claims after all, because the coverage they have offered you is probably unsecured. They took on your guarantee based on your financials, assuming there would be no claim; but now that there is one, they don’t want to pay out any claims wrongly, as that reflects poorly on them. It is this unsecured nature of the surety bond that marks LoCs from surety bonds. Since the LoC is secured by your own money (LoCs have nothing to do with credit!), the bank has nothing to lose by releasing your money on command. Give us a call at 800-314-7003

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There are literally thousands of different Surety Bonds to guarantee the performance of businesses and individuals. The following list of are the bonds we most commonly see.