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How to Prepare Proposals for Government Contracts |
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Factoring Your Government Accounts Receivables
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Some government contracts require a bond to be included with the bid. These types of bonds are called "surety bonds" A surety bond is a guarantee that the bidder will perform the obligation. The first step in getting bonded, regardless if it is a Bid Bond, Performance Bond or a Payment Bond, is to contact an independent agent or broker, known as a 'Surety Bond Producer'
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Bond surety companies usually will require lots of information from a government contract bidder, before issuing a surety bond. Small and emerging businesses can contact the SBA for help in securing a surety bond: http://sba.gov/OSG |
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