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Thread: IT Services

  1. Bond Magician
    Bond Magician is offline Senior Member
    Join Date
    Oct 2007
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    401

    IT Services

    Can you issue a performance bond for IT Services work?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
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    Oct 2007
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    558

    Performance Bonds

    Quote 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.
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  3. Surety Insider
    Surety Insider is offline Surety Claims Expert
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    Jan 2008
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    311

    I recall a "Y2k" surety bond claim.

    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.
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