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A surety bond is a promise to be responsible for the debt, default, or failure of another. In most instances, bonds are required by federal, state, and local governments to protect the taxpayer dollars that are paying for the project. By being bonded, a company is saying that they have undergone the examination by a surety and has been qualified to do the project.
If it's a single individual, then it's most likely a license bond which guarantee that the principal will follow the terms of the license for which they filed. They protect the citizens of a city, county or state from damages stemming from the actions of the principal, and require the principal to comply with all laws. They are a prerequisite to the granting of the license or permit.
What else can I help you with?
What are the double and triple bonded hydrocarbons called?
double bonded hydrocarbons are called "alkenes" and triple bonded hydrocarbons are called "alkynes"
What is a substance of 2 atoms bonded called?
If they are covalently bonded, it would be a molecule. If they are bonded by an ionic bond, they form an ionic compound.
Network can be made of bonded what or what?
Networks can be made of bonded ion or molecule
Why is haematite bonded to metal?
Iron is bonded to six oxygen ligands.
How are bonded compounds similar?
Bonded compounds of the same molecule are for most purposes identical. Bonded compounds of different molecules in that they share or trade electrons of their constituant atoms.
What is vitrified bonded abrasives?
Abrasives are typically used in something that is being roughed up for a variety of reasons. Vitrified bonded abrasives are an abrasive that are made of either clay or ceramic.
What percentage of bonded leather is plastic?
0%. If it is bonded leather it is bonded leather and not plastic!
Where to get bonded?
To get bonded, you go to the Police Station.
What are the double and triple bonded hydrocarbons called?
double bonded hydrocarbons are called "alkenes" and triple bonded hydrocarbons are called "alkynes"
Have you ever applied to be bonded?
Yes, i have applied to be bonded.
Have you been bonded before?
Yes, I have been bonded before.
Are you licensed, bonded, and insured?
Yes. We are licensed, bonded, and insured.
Is Freon a more covalently bonded or ionically bonded?
Freon is more covalently bonded. It consists of covalent bonds between the carbon, fluorine, and chlorine atoms in its structure.
Do you have to be bonded for a errand service?
== == Being bonded is not necessary. However, it is HIGHLY recommended if you own an errand service for two reasons: 1. Protection By being bonded, you are offering a guarantee that a specific project, service or act will be financially covered if performance is not complete or satisfactory. In addition, you are helping to protect yourself if ever accused of theft or damage to a client's property. 2. Sales Many customers will not consider companies or individuals that are not bonded. For a relatively low price of about $100 - $200 per year, this is a great tool to help promote and increase the credibility of your business.
What is a substance of 2 atoms bonded called?
If they are covalently bonded, it would be a molecule. If they are bonded by an ionic bond, they form an ionic compound.
Network can be made of bonded what or what?
Networks can be made of bonded ion or molecule
Networks can be made of bonded or .?
Networks can be made of bonded ion or molecule
