Murphy, TX Surety Bonds

For a fast turnaround on your surety bond, Call Pro 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. Take advantage of our great rates by calling 800-314-7003 We’re confident we can help you. Call the Murphy Surety Bond Pros at 800-314-7003!

Do You Need A Murphy Surety Bond. Call the Professionals at Pro Surety Bond

Call 800-314-7003! What is a surety bond? A surety bond allows a measure of professional trust in cases where the stakes are too high to rely on a simple handshake. For instance, if a business collects sales tax, the department or revenue wants a guarantee that the business will do so according to schedule. But how will they guarantee themselves? The surety company is the party that can do that. The business owner purchases the surety bond, and the surety in turn promises the department that it will give the business owner a loan in case a claim is made against the bond. Pro Surety Bond has over 25 years of combined industry experience but you can’t have too much experience we always say. Call is even if your credit has seen better days. We have a program for almost everyone. Call 800-314-7003!

Bidding Opportunities in Murphy

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

206 N. Murphy Rd

Murphy, TX 75094

Phone: 972-468-4000

Map to Finance Department

Life Lived At Your Pace

Murphy is a city in Collin County and is the 140th most populous county in the State of Texas. Murphy got its start as part of Peters Colony land grant and was originally called Old Decator after the hometown of the person who owned the site where the city would be founded, but was changed to Murphy after William Murphy, a man who worked for the St Louis Southwestern Railway and who was responsible for building the depot and train station. The town was a significant shipping point for that part of Texas from the 1880s, but Murphy almost died as a result of the Great Depression, improved farming techniques and various other factors working against it. The population decreased to about 135 by 1961, and even mail service was discontinued in the 1950s. In 1970 the city population increased by exactly one person in 10 years, but by 1990 there were about 10 times that many, and today there are 10 times that. Today Murphy is a vital part of the Dallas metropolitan area.

Murphy has a host of community incentive programs that are designed to improve the quality of life for the residents of the city like ample parks, manicured public spaces and community facilities. The larger goal is to maintain Murphy’s reputation as a family oriented place, with lots of civic pride and participation, a fiscally responsible budget philosophy and governmental transparency. To receive a grant, you must make a proposal for a community enhancement project to is judged by the Murphy City Council and the Murphy Community Development Corporation to be of cultural or civic importance.  Call the Murphy Surety Bond Pros Today at 800-314-7003!

Can I use collateral to back my surety bond? It depends on the industry and the amount of the bond among other things, but in general collateral is no needed and is often problematic. For instance, a financially sound company might want bigger bonding capacity, and my offer collateral to achieve that end. The paradox is that offering more collateral will cause the company to tie up its assets and will thus lower its financial power. Another problem is that it may take up to a year for the collateral to be released.

Experience The Best In Murphy Surety Bonds

What is an obligee in a surety bond agreement? There are three parties in a surety bond transaction: 1. a party that requires protection from 2. another party, with the protection being guaranteed by 3. the surety company. The first party is known as the obligee, and in most instances there are two types: governmental agencies and constructions and development project owners. Contract bond obliges require a bond from subcontractors to protect the project owner in the event a subcontractor cannot finish a project. Give us a call at 800-314-7003

Related Links:

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.