At Higgins & Rutledge, our experienced team of specialists is dedicated to quick turnaround and strives to make the process a positive experience. In these challenging times, business is complex, dynamic and moves fast…fortunately, so do we.
BOND & FINANCIAL PRODUCTS
Bid & Contract
The government or an owner of a construction project may require a contractor to obtain.
BID BOND – Affords protection to a project owner (obligee) in the event a successful bidder will not enter a contract and will not provide the required surety bonds or other security.
CONTRACT BOND – Used heavily in the construction industry, are a guarantee from a Surety to a project’s owner (Obligee) that a general contractor (Principal) will adhere to the provisions of a contract
Payment & Performance
PERFORMANCE BOND – Provides protection to the obligee if the contractor defaults on its obligations under the bonded contract.
PAYMENT BOND – Guarantees that the contractor will pay subcontractor, labor and material bills associated with the construction project.
License & Permit
License and permit bonds are required by certain federal, state, or municipal governments as prerequisites to receiving a license or permit to engage in certain business activities. These bonds function as a guarantee from a Surety to a government and its constituents (Obligee) that a company (Principal) will comply with an underlying statute, state law, municipal ordinance, or regulation.
RIGHT OF WAY PERMIT
SUBSURFACE SEWAGE DISPOSAL
GENERAL CONTRACTORS LICENSE
Surety bonds specifically required by a U.S. Court for the protection of appeals, estates, minors, & more.
ERISA and Dishonesty Fidelity Bond
Coverage for loss of property of an Insured Retirement Plan resulting directly from dishonest or fraudulent acts committed by an Employee.
JANITORIAL SERVICE BOND
EMPLOYEE DISHONESTY BOND
Official Notary Bond
A notary surety bond protects the public from mistakes you make while performing your notarial duties during the term of your commission that result in damage to the public.