University Place, WA Surety Bonds

Contact Pro Surety Bond as soon as you know you need a 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. Calling 800-314-7003 will get you in touch with the agent and information you need. Same day quotes are available. Call the University Place Surety Bond Pros at 800-314-7003!

Superb Underwriting On All University Place Surety Bonds

Call 800-314-7003! What is a surety bond? A surety bond is simple a small amount of money put up by you to guarantee to someone else that you will perform some duty or fulfill a commitment you’ve made to that party. So if you are in the mobile home building business, your promise to the governmental licensing agency that you will abide by the regulations of your industry, and the surety company will be responsible for backing up the guarantee. Remember of course that the surety bond covers the party asking for it, and not you the purchaser. Pro Surety Bond has over 25 years of industry experience, and we can make it work for you, even if your credit isn’t great. Call 800-314-7003!

Bidding Opportunities in University Place

If you are bidding on public projects for the City of University Place 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 University Place

University Place Finance Department

B1, 3715 Bridgeport Way W
University Place, WA 98466
Phone: (253) 566-5656
Map to Finance Department

Proud To Be U.P.

University Place, Washington is a city in Pierce County. It got its somewhat unusual name from the University of Puget Sound, a private liberal arts college that bought up the land that would become the location of the city. The land retained that status until 1995 when it was finally incorporated, and these days University Place is suburban in character, with some mixed business and residential areas on the Puget Sound. It has many amenities that make people want to live here, like Chambers Bay Gold Course, a public art program, the curran apple orchard and Chambers Creek Properties

University Place, Washington has a host of business support programs designed to help any businesses remain here, and to attract investors. If you need any support or help starting a business, the city has programs in conjunction with the Small Business Administration, the State of Washington Department of Labor and Industries, and the State of Washington Department of Commerce. It also offers one on one consultations and the staff at the economic development council are here to answer your questions. Call the University Place Surety Bond Pros Today at 800-314-7003!

Why are surety bonds a requirement public construction projects? It all started in the early part of the 20th century when a large number of subcontractors on public projects started going out of business in the middle of the project. Often the firms taking on the projects were insolvent or nearly insolvent when they committed the project, presumably they figured they would be able to come up with the case they need to finish the project. After a few decades of attempts to solve the problem, the Miller Act was signed in 1935, and that the is current law which requires surety bonds on all public projects.

For All Your University Place Bond Requirements

Are there any alternatives to surety bonds? There are, but it’s questionable whether they are worth the effort. One way is to establish a secured interest in your personal or real property. The problem with this is that it’s hard coming up with a piece of property that is clear. You need to do title searches and remember that real property isn’t liquid, so its effect is limited. You can try a similar strategy with personal property or your company’s equipment. This is a little better, but again, it’s not particularly liquid. 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.