Special Bond Forms

[Bond Magician]

Hello - you recently issued a Performance & Payment bond for my company on standard AIA forms, but I just got word from the obligee that there ARE special bond forms. Is this an easy fix? How do I prevent this from happening again in the future?

[Surety Queen]

Originally Posted by Bond Magician

Hello - you recently issued a Performance & Payment bond for my company on standard AIA forms, but I just got word from the obligee that there ARE special bond forms. Is this an easy fix? How do I prevent this from happening again in the future?

When you are looking to bid a job, you should always refer to the bid package that is provided. There are very often special bond forms required. It's especially important on bid bonds that the correct form be used. If the wrong form is used and you are low bidder, you will very likely lose the job. For final bonds (Performance & Payment), we can generally fix the problem pretty easily. However, we really prefer to get the special forms with the bond request. It also allows Surety to review the forms to make sure they are acceptable and don't have any nasty language in them.