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Old 04-28-2008, 12:19 PM
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Default Single/Aggregate Bond Line

What does a two over four aggregate bond line mean?
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Old 04-28-2008, 10:34 PM
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Default Performance Bonds

Quote:
Originally Posted by Bond Magician
What does a two over four aggregate bond line mean?
It means that there is a single limit for any bond in the amount of $200,000 and a total aggregate of $400,000. That means that you could do two performance bonds of $200,000 each or four at $100,000 each. You can't go over $200,000 for any single job or over $400,000 total at any one time.
I hope that clarifies it for you.
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