Newburg, OR Surety Bonds

Call Pro Surety Bond for all your surety bond needs. 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 an agent who is waiting to take your call. They can get the job done for you. Call the Newburg Surety Bond Pros at 800-314-7003!

Get A Fast And Free Newburg, Oregon Surety Bond Quote

Call 800-314-7003! What is a surety bond? A surety bond is a three way agreement between the party asking for the bond (the obilgee), the party that must purchase the bond (the principal), and the surety company. If you make a commitment to, say, operate your business honestly, the government will want some sort of financial guarantee to ensure that you do so. The surety bond was created for precisely this reason. If you break a regulation, you can be fined or a claim can be made against your bond. The surety then makes a decision as to whether the claim is valid, and if it deems it so, will pay the claim. The surety will then pursue the principal in order to be paid back. Pro Surety Bond has over 25 years of combined industry experience, combing the underwriting market for among the best rates the industry has to offer. Call 800-314-7003!

Bidding Opportunities in Newburg

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

Newburg Finance Department

Finance Director
414 E. First Street
Newberg, OR 97132
Phone: 503-537-1205
Map to Finance Department

Newburg, Oregon Is A Great Place To Grow!

Newburg, population 22000, is a city in Yamhill County and the State of Oregon. Newburg got its start as Chehalem, and later as Roger’s Landing, but when the area was platted, the postmaster of the town named it after his hometown, Neuberg, Germany. Newburg has a healthy interest in its history, and has established the Historic Preservation Commission to identify and preserve buildings that are considered vital to the city’s history and cultural significance. In recent years, the Newberg Town Coalition has been formed with the cooperation of the City, the library, the parks district and the Chehalem Cultural Center was created to create the Newberg Cultural District, an ambitious project to make the downtown a public space for shopping, recreation, restaurants, and other amenities.

Newburg has quite a few large employers, considering its size. One of the largest dental equipment manufacturers in the world, A-dec, is based in Newburg and employs between 800 and 1000. The second largest employer is George Fox University, with about 400. Other large employers include the SP Newsprint Company and the Providence Newberg Medical Center. Finally the Allison Inn and Spa employs about 200. Local officials have been working to making downtown Newberg into a destination for those who want the small town experience. The economic development council wants outside investors to know that their city is a great place to open and grow a business. Recent success stories include the A to Z Wineworks which has become a certified B Corporation because it has demonstrated that it has used its business to solve social and environmental problems. Call the Newburg Surety Bond Pros Today at 800-314-7003!

What makes surety bond attractive to me? The main reason you will find surety bonds attractive for risk coverage is that if your company is financially in good shape, it is not very likely that you will ever need a payout. If you use letters of credit, for example, your surety coverage is expensive whether you are at risk of default of not. This is because banks who issue letters of credit will want collateral regardless, and it doesn’t make sense that you need to put up collateral and tie up your assets. Surety bonds cater precisely to those who are not likely to require a payout.

For Those Getting Things Done, Call Pro Surety Bond For Your Newburg Surety Bond

How can I avoid a bond claim? This will depend on the type of bond you have and in which industry. For instance, bond claims in the construction business usually revolve around contract disputes, whereas claims made against a license and permit bond revolve around fraudulent or abusive business practices. Therefore, it serves to assume that your first line of defense against a claim is to cross every “t” and dot every “i”. Sticking to your commitment, whether it be a building contract, or the agreement you made with the government to do business above board, is the most effective measure you can take to avoid a surety claim. 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.