Public vs. Private

[Mother Bond]

Why is it so hard to get a contract bond for a private job? What difference does it make whether it's private or public?

[marietta68]

Originally Posted by Mother Bond

Why is it so hard to get a contract bond for a private job? What difference does it make whether it's private or public?

Not sure about the specifics of your situation, but generally speaking, the bond company will want to verify financing and the form of the contract. Hitting a snag in either area will cause problems, and it's also possible the bond company has knowledge about a particular private entity being difficult to work with. With public jobs, standard bond forms are used and the question of financing is moot.