I have sold many contractors bonds over the years and i feel that there is a great misconception about what drives bond prices for contractors. I know everyday that I am in order to get the question, "why would be the so much higher than what my friends are paying?" Sometimes I have to explain along with construction business owner what drives the price of a bond and how they can lower that dollar cost and reduce/eliminate time spent searching aimlessly. There is a quick article about home security contractors bond, either a license or performance bond as cheaply as possible.
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