Click to verify BBB accreditation and to see a BBB report.
Follow us on twitter!
+ Reply to Thread
Results 1 to 2 of 2

Thread: Bob

  1. Join Date
    Feb 2008
    Location
    Connecticut & Rhode Island
    Posts
    2

    Bob

    Change Orders: Does the bond cover all change orders issued prior to the contract's completion?

  2. Join Date
    Oct 2007
    Posts
    558

    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.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Content Relevant URLs by vBSEO 3.5.0 RC1 PL1