Bonding Open
Parrot Surety Services - The Why Behind the What
Posted 04/06/2023 by Adam Milliren, Surety Bond Specialist, PARROT SURETY SERVICES, LLC | 46 views | Expires 12/01/2027
NAICS 236220
Set-aside VOSB, WOSB
Place Hermitage, TN
Why are bonds required?
In 1935 the Miller Act was passed, which requires federal construction contracts over $150,000 to furnish a performance and payment bond. Surety bonds provide the government with prequalification of contractors and as well as remedy should a contractor fail to perform or fail to pay subcontractors and suppliers of a project.
Have more questions? Check out the link below! #teamingpro #bonds #parrot
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