Tualatin, OR Surety Bonds

Surety bonds are our primary job, so call Pro Surety Bond today. 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. For useful bond information, call 800-314-7003. Our agents are here to take your questions Call the Tualatin Surety Bond Pros at 800-314-7003!

Making It Easy To Buy A Tualatin Surety Bond

Call 800-314-7003! What is a surety bond? A surety bond is really just a contractual agreement, but one with three parties. One party is the obligee, which is the party that needs protection from you (the principal). The surety is the go between with these two parties, and as such financially guarantee that the principal will fulfill some obligation for the obligee. If the principal does not come through, the obligee may make a claim against the bond, and if the surety decides the claim has merit, will pay it. It will then pursue the principal for reimbursement. Pro Surety Bond has over 25 years of combined industry experience, providing great prices on premiums to all its clients, including those whose credit has seen better days. We have a program for almost every market. Call 800-314-7003!

Bidding Opportunities in Tualatin

If you are bidding on public projects for the City of Tualatin 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.

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Tualatin Finance Department

18880 SW Martinazzi Ave
Tualatin, OR 97062
Phone: (503) 692-2000
Map to Finance Department

Old Vines, New Vision

The City of Tualatin is a community in the County of Washington and the State of Oregon. The name of the city comes from the Tualatin River, with Native American word meaning either “sluggish” or “treeless plain,” take your pick. It was originally called Galbreath, after the founder with that surname. He built the first bridge across the river, after which the community was called Bridgeport. Today the city is considered a suburb of Portland. Located near Mt Hood in the Cascade Mountain Range, Tualatin is ideally situated near to the skiing, snowboarding and other snow sports the region is known for. The residents of Tualatin have a reputation for being community committed and active in their schools. According to a recent survey, 84% of Tualatin residents rate their city as good to great.

Tualatin city officials are dedicated to keeping the community educated and working, and has an active economic development team at work to fulfill that dream. For many years it has been at the forefront of regional economic growth, with a healthy combination of manufacturing, high tech, construction and retail. Recent projects include the Pac Trust Koch Corporate Center, a two building complex that contains about 100,000 square feet; Hedges Business Park, which will be made up of three buildings with over 120,000 square feet, and will be a mixed office/flex space. Call the Tualatin Surety Bond Pros Today at 800-314-7003!

How does the surety bond benefit me? The main way that surety bonds work for you is by being cheaper and more convenient than other forms of coverage. For instance, letters of credit exist to do the same thing that surety bonds do, but with many downsides. For instance, if a claim is made against your letter of credit, the bank will pay the claim regardless of whether the claim is fraudulent or not. That’s because the bank really can’t be bothered with investigating things like this. If you want your money, you will have to take the obligee to court to prove you are in the right. Surety companies on the other hand investigate each claim to make sure it is valid.

Some Of The Fastest Service On A Tualatin Surety Bond

What do I need to know before buying a surety bond? Keeping in mind that surety bonds do not exist for you, but for the party asking for one from you. Thus, if a claim is made against your bond, your surety company will pay the claim, but will also come knocking on your door to pay back the claim. This can create a massive burden and you will probably have to pay back legal fees as well. Without a doubt the most important thing you should do when buying a surety bond is make sure you know exactly what is expected of you by the party asking for the bond, also known as to obligee. 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.