Ferndale, WA Surety Bonds

Why not call Pro Surety Bond when you need 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. Just call 800-314-7003 now for bond information you need. Our counselors are waiting your call. Call the Ferndale Surety Bond Pros at 800-314-7003!

Let Pro Surety Bond Find You The Underwriting You Need On Your Surety Bond.

Call 800-314-7003! What is a surety bond? If there were one word that describes surety bonds it would be trust. Think about how difficult it is to earn trust in someone. It can take a long time. But in the world of business, where one hands rubs the other, establishing trust can be difficult, and so surety bonds were created. If, say you are a commercial fundraiser. When you are licensed you commit yourself to uphold the regulation set forth by regulators, but can they really trust you? In practical terms, it’s easier for everyone if you just put up a little of your own money to buttress your word of honor, and thus you have the surety bond. You, the purchaser, buy the bond from a surety provider, for the government so they can sleep better at night. In turn the surety company makes sure you keep the promise by putting up money in the unlikely event of default. Pro Surety Bond has over 25, years of combined industry experience, tracking down the best rates it can find, for all clients good credit or not so good credit. Call 800-314-7003!

Bidding Opportunities in Ferndale

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

Ferndale Finance Department

2095 Main St.
Ferndale, WA 98248
Phone: (360) 384-4302
Map to Finance Department

A Community Of Volunteerism

Ferndale, Washington is a city in Whatcom County. Ferndale was originally given the odd name of “Jam” in commemoration of a legendary two mile log jam nearby. Ferndale was proposed by one Alice Eldridge the first schoolteacher, because she adored the beautifully colored ferns near her schoolhouse. Today Ferndale is a vibrant city of about 13000, near the Interstate 5 corridor, six miles from Bellingham and a mere 13 miles from the Canadian border. Local activities and events include Downtown trick or treat, an annual citywide cleanup, a Chamber of Commerce Street Festival and an old settler’s picnic.

The economy of Ferndale has historically been lumber oriented, with agriculture moving in after that. Later dairy farming was introduced, with an old Carnation dairy plant being the most prominent presence of that industry, the factory having been turned to offices. In the 1950s Phillips 66 opened a refinery here, which led to the biggest population boom in Ferndale’s history. Today Ferndale has an incentive plan and flexible building program by which companies that move to the city receive deferment fees on final inspections, discounts for developing vacant lots, and discounts on small business development among many others. Call the Ferndale Surety Bond Pros Today at 800-314-7003!

Why are there three parties in a surety bond agreement? Well, let’s explain who the parties are. The first is the obligee, or the party who wants coverage in case you do no follow the regulations of your industry; the second is the principal, i.e., you the purchaser; and the third is the surety itself called the obligor. The surety bond exists to provide the guarantee that you will fulfill some obligation, because somebody’s got to do the actual backing up. It can’t be you because the obligee simply doesn’t have the time to investigate your background to make sure you are upstanding, and the surety provider does, or rather his investigation is built into the price of the bond.

One Of The Best Bond Teams In Ferndale Surety Bonds

Why should I use a surety bond over, say, a letter of credit for my construction business? Well let’s first discuss the difference. A letter of credit is the promise a bank makes to a party to cover another’s party’s default, whereas a surety bond is a guarantee that a surety company will assume those obligations. They sound kind of the same, but with letters of credit the bank is extending credit to you, whereas with a surety bond, no credit is advanced (unless you default), and therefore surety bonds don’t show up on financial records as money owed. 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.