Quote:
| Originally Posted by Bond Guy Seeking bond that I can't easily classify... It's a payment bond for a customer-supplier relationship. Customer pays supplier $35k-$50k WEEKLY for product. Supplier wants customer to purchase bond should customer fail to make good on money owed. Thanks! |
If the customer is KMart and the supplier is Jacqueline Smith - then perhaps a supply bond could be obtained. Otherwise, the supplier needs to count on the contract they have with the customer to make sure payments are received. A supply bond is required when there is public money involved - like your supplier is providing product for a local municipality.
Hope this helps.