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Clover Insurance Brokers
3800 Steeles Ave West, Suite 201E,
Woodbridge, Ontario L4L 4G9
A Division of Wood & Kirkpatrick LTD, 
Canada's Oldest Broker Since 1821 
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Quote #8589
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Mon-Fri 9-5 EST
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Final Bond

INFORMATION

Final Bonds (Performance Bonds)

{module_contentholder name="contact"}

Guarantee the project is completed as the contract defines

When a developer wants to protect the investment made in a project, the contractor that won the bid is required to provide a final bond sometimes refered to as a performance bond before work can begin. In short, this bond guarantees that a contractor will complete a project according to contract. If the contractor fails to do so, the developer can make a claim to keep from losing money. 

There are other issues to consider depending on your situation, so please make sure to {module_contentholder name="ask-clover"}. 

Who are final bonds for?

  • Developers
  • General Contractors
  • Subcontractors
  • Road Contractors
  • Sewer and Water main Contractors
  • Other Heavy Civil Contractors
  • Service Contractors (Waste Removal, Janitorial Firms, etc.)
  • Specialty Contractors
  • Manufacturers

If you have any questions {module_contentholder name="ask-clover"}.

What information you should have to Get Started

  • Quantity of your bid
  • Date of your bid
  • Your bond history
  • Company History
  • Personal Current Credit Score

You may also be required to submit your financial credentials when applying for your final bond.

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Final Bond

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Final Bonds (Performance Bonds)

{module_contentholder name="contact"}

Guarantee the project is completed as the contract defines

When a developer wants to protect the investment made in a project, the contractor that won the bid is required to provide a final bond sometimes refered to as a performance bond before work can begin. In short, this bond guarantees that a contractor will complete a project according to contract. If the contractor fails to do so, the developer can make a claim to keep from losing money. 

There are other issues to consider depending on your situation, so please make sure to {module_contentholder name="ask-clover"}. 

Who are final bonds for?

  • Developers
  • General Contractors
  • Subcontractors
  • Road Contractors
  • Sewer and Water main Contractors
  • Other Heavy Civil Contractors
  • Service Contractors (Waste Removal, Janitorial Firms, etc.)
  • Specialty Contractors
  • Manufacturers

If you have any questions {module_contentholder name="ask-clover"}.

What information you should have to Get Started

  • Quantity of your bid
  • Date of your bid
  • Your bond history
  • Company History
  • Personal Current Credit Score

You may also be required to submit your financial credentials when applying for your final bond.

Final Bond

Final Bonds (Performance Bonds)

{module_contentholder name="contact"}

Guarantee the project is completed as the contract defines

When a developer wants to protect the investment made in a project, the contractor that won the bid is required to provide a final bond sometimes refered to as a performance bond before work can begin. In short, this bond guarantees that a contractor will complete a project according to contract. If the contractor fails to do so, the developer can make a claim to keep from losing money. 

There are other issues to consider depending on your situation, so please make sure to {module_contentholder name="ask-clover"}. 

Who are final bonds for?

  • Developers
  • General Contractors
  • Subcontractors
  • Road Contractors
  • Sewer and Water main Contractors
  • Other Heavy Civil Contractors
  • Service Contractors (Waste Removal, Janitorial Firms, etc.)
  • Specialty Contractors
  • Manufacturers

If you have any questions {module_contentholder name="ask-clover"}.

What information you should have to Get Started

  • Quantity of your bid
  • Date of your bid
  • Your bond history
  • Company History
  • Personal Current Credit Score

You may also be required to submit your financial credentials when applying for your final bond.