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Gainesville, VA Surety Bonds

You expect the best, so call Pro Surety Bond for your next 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. When you call 800-314-7003 You’ll speak to a bond professional who has more information to help you through the confusing surety bond purchasing process. When you do you'll realize how easy buying a surety bond can be. Call the Gainesville Surety Bond Pros at 800-314-7003!

Call Your Top Gainesville Surety Bond Resource Today

Call 800-314-7003! What is a surety bond? Surety bonds financially guarantee performance, completion or compliance in accordance with an agreement. If you are a contractor on a large government building project, you must guarantee your performance to the extent that the work be finished on time and up to scratch. And if there is any chance that might happen, the government wants a guarantee that it will be covered in case of default on your part. A surety can really save the day in cases like this by taking over the contractor’s part of the project and hiring a contractor that can finish the job. This coverage amounts to a short-term loan to your company, and as such needs to be repaid to the surety. Pro Surety Bond has over 25 years of combined industry experience. Call even if you are worried you can't get an affordably priced surety bond with poor credit. Call 800-314-7003!

Bidding Opportunities in Gainesville

If you are bidding on public projects for the City of Gainesville 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 Gainesville

1 County Complex Ct, Woodbridge, VA 22192

Phone: (703) 792-6700

Map to Finance Department

The City Of Gainesville, Virginia

Gainesville is a census-designated place in Prince William County and it is the 99th most populous in the commonwealth of Virginia. Gainesville started out as a changing point for the stagecoach horses along the Fauquier & Alexandria Turnpike. Thomas Jefferson made a stop here and eventually it became known as Gainesville. In 1994 the place’s first townhouse community was built, which marked the point at which large scale development took hold.

What is a General Indemnity Agreement? A General Indemnity Agreement (GIA) is a document you must sign if you are purchasing a surety bond, and it is essentially a promise to indemnify the surety company in the even the surety has to pay a claim on your part. Surety bonds cover a party in an agreement against default, and it’s not really possible to insure agreements because they are, at least in principal, avoidable. So when a surety pays a claim it’s really a short-term loan that you have to pay back, and the GIA is what backs that up.  Call the Gainesville Surety Bond Pros Today at 800-314-7003!

Collateral or surety bond? Increasingly more and more companies and other entities are turning to surety bonds as an alternative to security deposits. For instance, commercial utility consumers must typically put a deposit amounting to up to three months of electricity usage. Many use Letters of Credit and simple cash, but more and more utility bonds are being enlisted in this service. Defaults on utility bills are uncommon, so it doesn’t make a lot of sense putting up your own money for something like this.

Gainesville Surety Bond Specialists Are Waiting To Take Your Call

Other ways surety bonds are displacing cash securities and letters of credit include forms of self-insured risk. For instance, some companies insure their own workers compensation, and those who do so must guarantee that they have the funds to pay the claims that are made. This has normally been done with cash or letters of credit. The problem with these methods is that they can be quite large, and will put a real dent in your credit line, money you need to do business. 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.