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Originally Posted by Pogo1231 We are being asked by a Fed Gov't agency about feasibility of a performance bond to move one of their activities from one location to another. They will be moving some large and expensive items. They will also move some hazardous materials. Moving consultants tell us such a bond may be prohibitively expensive. Are there such bonds? Does your company do those type? Are performance bonds on such moves routine? |
This is a situation we are not familiar with. I suppose it's possible since it is a contract with the Fed Gov't, but there are a number of factors that would have to be considered. First off is how much is the contract? Second, what kind of hazardous materials? I think it's best for you to have a dialogue with our head underwriter about the specifics of the contract. Please feel free to give JD a call.