Surety Bond Forums - JW Surety Bonds
  #1 (permalink)  
Old 02-26-2008, 03:01 PM
Bob Bob is offline
Junior Member
 
Join Date: Feb 2008
Location: Connecticut & Rhode Island
Posts: 2
Default Bob

Change Orders: Does the bond cover all change orders issued prior to the contract's completion?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Free Surety Bond Quotes
Apply Online Now
  #2 (permalink)  
Old 02-26-2008, 07:19 PM
Surety Professional
 
Join Date: Oct 2007
Posts: 558
Default Performance Bonds

Quote:
Originally Posted by Bob
Change Orders: Does the bond cover all change orders issued prior to the contract's completion?
A Performance & Payment bond covers the entire contract. At the completion of the project, we will often request the Obligee (owner) to complete a General Status Inquiry indicating completion and providing the final contract amount (including change orders). If there are changes, you would probably be billed for the additional premium to cover the change orders. I hope that answers your question.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Free Surety Bond Quotes
Apply Online Now
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 10:02 PM.


Powered by vBulletin® Version 3.7.1
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.1.0
©2005-2008 JW Bond Consultants, Inc. All rights reserved.