Don't wait to callPro Surety Bondfor your free no obligation rate quote. 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.So just give us a call at800-314-7003.Our agents know how to get the job done.Call the Daytona Beach Surety Bond Pros at800-314-7003!
Fulfill All Daytona Beach Surety Bond Requirements at Pro Surety Bond
Call800-314-7003!What is a surety bond for? The surety bond offers a measure of trust between two parties in situations where one party needs a commitment from another party. So let’s say you are going into business and you need a license. Before you can get one the government wants a commitment from you that you will uphold the regulations of your industry. It is not in a position however to simply trust you, so it makes you take out a surety bond to cover any unpaid fines you may incur. The surety bond is backed by the surety company, which is a financial institution that has its own reputation. It can promise the government that it will make sure the business gets a short term loan to cover the claim.Call800-314-7003!
Bidding Opportunities in Daytona Beach
If you are bidding on public projects for the City of Daytona Beach 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.
Daytona Beach is a city in Volusia County, and it is the 40th most populous city in the State of Florida. Daytona Beach started out as a land grant from the King of Spain when one Samuel Williams received about 3000 acres in 1804. Its original use was that of a plantation which grew cotton, rice and sugar cane. The plantation was burned to the ground during the Seminole Wars, but about 2200 acres of the old plantation was bought by Mathias Day of Mansfield, Ohio in 1871. Mr. Day built a hotel and the city was named after him in his honor. Today Daytona Beach is known for the Daytona 500, and the 24 hours of Daytona endurance race in January.
As you might expect, tourism is the mainstay of Daytona Beach, with over 8 million visiting each year. And it’s with those dollars that the city can offer the amenities it does to its citizens. If you are a vendor, you can fill out an application to be put in the vendor database, and this will allow you to receive written invitations for formal solicitations. Pre-registration is not necessary, but it puts you in the best position to learn about new offerings. If you do not wish to be notified, you can keep an eye out on the city website. Call the Daytona Beach Surety Bond Pros Today at800-314-7003!
Do accounting methods make a difference with regard to my contract surety bond underwriting? The underwriter’s main job is to determine the financial condition of a construction company that wants surety underwriting, therefore it’s vital for a contractor to submit financial statements that are accurate and timely. A company can put together its own financial statements, which will include balance sheets and liabilities and the equity of the company. Income statements are also important to the extent that they indicate revenue, expenses and net income for an indicated period of time, typically a quarter, month or year.
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Accounting methods include the cash-basis method, which are considered the least informative of the various methods. In this case the balance will indicate only cash available and the fixed assets as well as long term liabilities. The income statement will only show the amount of revenue received and which expenses were paid. Typically excluded is information like accounts receivable and accounts payable. This form of accounting is more appropriate for small companies with a small number of transactions.Give us a call at800-314-7003
The Surety Bonds We See Most Commonly in Daytona Beach, FL Surety Bonds
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.