How much are you guys paying for your bonds

Discussion in 'Business Operations' started by newleaflandscape, Jan 4, 2004.

  1. newleaflandscape

    newleaflandscape LawnSite Senior Member
    Posts: 348

    Just wondering what your flat rate you are getting charged for you bonds and what your percentages are for each.
     
  2. mtdman

    mtdman LawnSite Gold Member
    Posts: 3,137

    What kind of bonds?
     
  3. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    Probably performance bonds. Sorry, I have never needed one...
     
  4. olderthandirt

    olderthandirt LawnSite Platinum Member
    from here
    Posts: 4,900

    Min. $50 for a $5k and $125 for a 25k and $250 for 100k bond its getting ridiculus + the cost of lisc. in each town the cheapest lisc. is $125 yr. the most expensive is $500 yr.


    Mac
     
  5. newleaflandscape

    newleaflandscape LawnSite Senior Member
    Posts: 348

    bid bonds and performance bonds
     
  6. mtdman

    mtdman LawnSite Gold Member
    Posts: 3,137

    Never used any.
     
  7. newleaflandscape

    newleaflandscape LawnSite Senior Member
    Posts: 348

    performance also refered to as assurance bonds i think.
     
  8. olderthandirt

    olderthandirt LawnSite Platinum Member
    from here
    Posts: 4,900

    My post above is what I pay for perfomance bonds They have a bunch of different names but it all come down to a guarentee to perform work as specified.

    Mac
     

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