Pro Surety Bond is dedicated only to surety bond sales at the best rates for you. 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. Call 800-314-7003 and speak with someone who can help you make a decison on your next surety bond. Our agents are here to take calls and talk to anyone who needs the scoop on surety bonds. Call the Mechanicsville Surety Bond Pros at 800-314-7003!
Call 800-314-7003! What is a surety bond? A surety bond protects one party against default on a commitment. If you are a fuel importer, there are numerous safety regulations that govern how you do business, and when you get a business license you have to commit yourself to upholding them. But more than that you need to guarantee that you will do so, and that means either a security deposit of some sort, or a surety bond. A security deposit can cut into your liquid assets, but surety bonds don’t appear on your ledgers at all, because sureties accept secondary responsibility for all valid claims. Since most surety bonds are issued on the basis of financial strength, sureties don’t as a rule require collateral, though they do have a stipulation that a defaulting company must pay back the surety for any claims paid. Pro Surety Bond has over 25 years of combined industry experience. Call even if you have misgivings about applying for a surety bond because you think poor credit will ruin your chances of getting one at a reasonable rate. Call 800-314-7003!
If you are bidding on public projects for the City of Mechanicsville 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.
7496 County Complex Road Hanover, VA 23069
Phone: (804) 365-6015
Mechanicsville is a census-designated place in Hanover County and it is the 24th most populous in the Commonwealth of Virginia. The site that would become Mechanicsville was settled by the English in the 17th century, and traces of those early days remain in the form of a stone windmill (though today it is “powered” by an electric motor) and Shelton House, a historic farm dating back to 1729. Mechanicsville is associated with several major Civil War battles and a number of skirmishes, including the Battle of Beaver Creek.
Linton Hall and Prince William County are committed to making the area “science friendly,” and as an example there is the Prince William County Science and Technology hub at Innovation Park. It’s a premier life sciences incubation facility with nine fully operations and commercially available wet labs. This is the only commercial wet lab space in all of Northern Virginia. It’s easy to get facilities like these going once you’ve made the commitment to providing incentives, flexible lease arrangements and all the amenities you need. Call the Mechanicsville Surety Bond Pros Today at 800-314-7003!
How do I circumvent claims against my contract bond? Contract bond claims are probably the worst for your reputation, mostly because of the large amounts of money at stake. That’s why it’s important to know how surety bonds work. For instance, it’s important to know that when the surety pays a claim, it covers the obligee, the party that asked for the bond coverage, not you the bond purchaser, so you shouldn’t think of a surety as a legal representative. It’s also important to know that the paid claim is a short term loan to you, and that you must pay the surety back.
One way of avoiding a claim is to settle before the dispute reaches claim level. A violation of the terms of the bond don’t necessarily have to automatically trigger a bond claim, and you should make every effort to defuse the conflict before it gets out of hand. You might find project owners on construction projects to be more amenable than you realize, and showing that you are willing to show good faith incoming to a settlement can go a long way and stave off some hard feelings. Give us a call at 800-314-7003
9097 Atlee Station Rd # 117, Mechanicsville, VA 23116
Phone: (804) 798-8130There 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.