IT Services

[Bond Magician]

Can you issue a performance bond for IT Services work?

[Surety Queen]

Originally Posted by Bond Magician

Can you issue a performance bond for IT Services work?

It's possible - yes. You might want to call and have a dialogue with a bond specialist to talk about the specifics of your contract to be sure we can help.

[Surety Insider]

A bank had contracted for a pre-Y2k software update that wasn't happening quickly enough, so it came to my attention.

As I recall, the software company and the bank agreed to assign the contract to another firm more able to handle the work, so the matter was resolved with no loss to the surety.