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Category: Surety Bonding

Benefits of Surety Bonding

Benefits of Surety Bonding

Construction project risks can affect contractors and subcontractors, lenders, borrowers and taxpayers. Surety bonds in NJ protect these several interests on a construction project. By working with a bonded contractor you know that they have been judged capable of fulfilling the contract obligations. A contractor will submit to a thorough pre-qualification process by the insurance company in order to obtain a bid or performance bond. In fact, bonded construction projects are more apt to be completed than ones with no…

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