View Single Post
  #2 (permalink)  
Old 11-27-2007, 06:14 PM
Surety Queen Surety Queen is offline
Surety Professional
 
Join Date: Oct 2007
Posts: 558
Default Bid Bonds

Quote:
Originally Posted by Bond Magician
What is a consent of surety?

In relationship to bids, a Consent of Surety is something that the Obligee requires to be attached to bid bonds. It's kind of silly really, because a Consent of Surety basically says that if the Principal is awarded the job, that the Surety will issue the final bond. In reality, that's exactly what a bid bond says so it doesn't make much sense. Fortunately, New Jersey is the only state that we deal with regularly that requires this Consent.
Reply With Quote
Free Surety Bond Quotes
Apply Online Now