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Discussion in 'Business Operations' started by stephen424, Jul 16, 2009.
whats the process?
It means that they are insured against a loss in the case that you fail to honor your end of the contract.
She hasnt been a PITA or a moron.
If this isn't a commercial contract, then she is both.
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
I can't imagine a bond for a residential account! If anything, I'd ask for payment up front FROM HER.
It could have been a test question.
Its not a residential account.
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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.
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.