are you guys BONDED??

Discussion in 'Business Operations' started by stephen424, Jul 16, 2009.

  1. stephen424

    stephen424 LawnSite Senior Member
    Posts: 730

    whats the process?
     
  2. Yater

    Yater LawnSite Senior Member
    Posts: 687

    It means that they are insured against a loss in the case that you fail to honor your end of the contract.
     
  3. delphied

    delphied LawnSite Silver Member
    Posts: 2,067

    She hasnt been a PITA or a moron.
     
  4. Yater

    Yater LawnSite Senior Member
    Posts: 687

    If this isn't a commercial contract, then she is both.
     
  5. stephen424

    stephen424 LawnSite Senior Member
    Posts: 730

    Yater, I see.
    But can't they just...not pay me? Seems easier to me.
    Anywho...I'll look into getting bonded tomorrow since I really want this account
     
  6. Yater

    Yater LawnSite Senior Member
    Posts: 687

    I can't imagine a bond for a residential account! If anything, I'd ask for payment up front FROM HER.
     
  7. topsites

    topsites LawnSite Fanatic
    Posts: 21,654

    It could have been a test question.
     
  8. stephen424

    stephen424 LawnSite Senior Member
    Posts: 730

    Its not a residential account.
    Posted via Mobile Device
     
  9. vanncann

    vanncann LawnSite Senior Member
    Posts: 456

    I checked into getting bonded and they told me the only way to get bonded was if it was required by the city or state. It was not expensive $100 for a $10,000 bond.
     
  10. Nosmo

    Nosmo LawnSite Bronze Member
    Posts: 1,216

    A performance bond is usually what city and state governments require a bidder to have. Insurance should be all that is needed when doing residential work.
     

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