Surety reference 2025

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This document is a reference letter request from The Surety Group Agency, LLC, seeking feedback on a contractor who has applied for a surety bond. It outlines the information needed from the reference, including details about previous projects and the contractor's performance. The letter emphasizes confidentiality and provides contact information for submission.

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What is an example of a surety?

Examples of Surety Bonds Includes bid or proposal bonds, performance bonds, payment or labor and material bonds, maintenance bonds and supply bonds. These bonds are required by state or federal law for most public construction projects or by a private developer.

What does it mean if someone signs surety?

A surety is someone who agrees to take responsibility for a person accused of a crime.

What does surety mean in legal terms?

A surety is a person or entity that assumes direct liability for anothers obligation . Financial creditors may require the debtor to find a surety, who then signs the loan agreement along with the debtor.

What is a surety reference letter?

A Reference or Recommendation These letters often say something like, We find XYZ Construction to be very qualified and feel they are very capable of completing your project. The reference may also include a statement about how long the broker or bond company has worked with the contractor.

What does it mean to be liable as a surety?

Surety is when a person binds himself contractually on behalf of someone elses debt and accepts liability where the latter person defaults. A surety agreement is supplementary to the main agreement and cannot stand in isolation.

surety synonyms

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What is the purpose of a surety?

A surety is a person or party that takes responsibility for the debt, default, or other financial responsibilities of another party. A surety is often used in contracts in which one partys financial holdings or well-being are in question and the other party wants a guarantor.

Surety reference 2025

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What is an example of a surety?

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