Wednesday, June 30, 2010

Things To Consider When Searching For Bid Bond Quote

When bidding on most jobs where a Governmental Entity is the owner a bid bond will be required. The bid bond protects the Governmental Entity from unqualified bidders.

In most cases time is of the essence in obtaining bid bonds. When you do business with FIDELITYANDSURETYBONDS.COM you deal with a company that only writes bonds. Our expert staff can in some circumstances get you a bond the same day.

With FIDELITYANDSURETYBONDS.COM you will build a long term relationship.
Once established you will be able to get subsequent bonds the same day!

If you deal with your local agent, bonding is just an after thought to your local agents business. Most agents are unfamiliar with the bonding and are uniformed to the specialized nature of the bonding business. At FIDELITYANDSURETYBONDS.COM we have years of experience in dealing with the complexities of getting bonded. Our agents know the "ins and outs" of the bonding process.

Using an inexperienced agent can cost you a job and more importantly money. The reason is that once a bond company declines your submission other bonding companies will be alerted to this fact and will decline your account without even a review of your application. An experienced agent will be able to sell your application to the underwriter and will be able to place your application with the proper Surety company. Studies have shown almost 29% of declinations, of first time applications can be avoided if the client went with an experienced agent. Do not let your business be in that 29%

At FIDELITYANDSURETYBONDS.COM there is generally only a $50 charge for a bid bond. With some companies there is only an annual credit check of $100, with any bid bonds issued at no cost. Also as a courtesy to our clients these amounts will be credited against the cost of any Payment and Performance Bond Issued.

If you have any questions about Bid Bonds or any other type of bond Call us Toll Free at 866-786-8340 or emails us at INFO@FIDELITYANDSURETYBONDS.COM.

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