Bond Forms

[msever]

I work for a company that receives bonds for certain projects. A lot of the time we receive replacement bond forms. These replacement bond letters and forms are hardly ever correct with all their wording. Is there a legal form that any institution has, that requires their contractors sign to guarantee the surety?

[PT]

Originally Posted by msever

I work for a company that receives bonds for certain projects. A lot of the time we receive replacement bond forms. These replacement bond letters and forms are hardly ever correct with all their wording. Is there a legal form that any institution has, that requires their contractors sign to guarantee the surety?

Not exactly sure what you are asking, but if your company has special bond forms that you require from contractors then you can always reject bonds if they are not on your required forms.

[msever]

We receive our surety bonds from Travelers Casualty and Surety company of America. I am referring to preformance bond replacements. I would like to know if their is a standard form for contractors to fill out when replacing a preformance bond.

[PT]

Originally Posted by msever

We receive our surety bonds from Travelers Casualty and Surety company of America. I am referring to preformance bond replacements. I would like to know if their is a standard form for contractors to fill out when replacing a preformance bond.

There are AIA standard forms for Performance & Payment Bonds (A312). However, if the Obligee has their own forms, they may reject the AIA forms. I'm not clear on what you mean by "performance bond replacements".