Contracts are generally done through a solicitation procedure where companies and individuals can bid on services and construction projects. The process could include completion of a bid bond form, application to a vendor system, and other requirements. Below are links that provide more details to contract processes.
Contract Bonds are often required by federal government agencies, local municipalities, counties, universities or private entities. The process generally begins with a bidding process and when a contractor is awarded a contract, a contract bond or payment and/or performance bond (such as for a NDOR contract) may be required.
The Small Business Administration has a Bond Guarantee Program to assist small business contractors bid on projects.
The premium that you pay for a Nebraska contract surety bond varies and will be dependent on business and personal financials, experience, scope of work, the amount of the project and other conditions.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application