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If your construction firm regularly bids on government projects, then you need to pay particular attention to payment bond. That is because all federal and state projects require that a contractor should post surety payment bond. This type of bond is also being required by some private companies to contractors. On the other hand, if you only have infrequent bond requirements, then you have to consider getting express bonds from surety companies such as the Baldwin-Cox Agency.
A payment bond was institutionalized through federal and state statutes primarily to protect and to benefit materials suppliers, labor, and subcontractors. As a contractor of a project, you have the obligation to pay these entities based on the provisions laid out in the project contract. It serves as a guarantee that the subcontractors and suppliers will have adequate protection from delinquent contractors or if the principal contractor of the project becomes insolvent and cannot continue the business. You have to take note though that a payment bond is not an insurance policy. So there are limitations to the claims that can be made by the subcontractors, suppliers, and labor.
So how does a payment bond work? Well, there are three parties to this kind of surety bond. The Principal of the bond is the contractor while the Surety is the bond provider or the company backing up the contactor. The Obligee is the project owner and the one requiring the posting of bond before a project is awarded. An obligee can be a government agency or entity with existing projects or a private entity engaged in construction projects. If the principal fails to pay the subcontractors and suppliers as stipulated in the project contract, then these entities can claim from the surety bond. The surety will recover its losses by taking out the bond posted by the principal.
You will surely need this type of surety bond if you want your company to participate in government bidding procedures. You cannot obtain contracts from government agencies or from private companies if you cannot offer payment guarantees for your subcontractors and suppliers. However, a surety bond is usually an overhead expense that you have to absorb. If you need an affordable and quick solution for your payment surety needs, then express bonds could be your best option. Express bonds are being offered by Baldwin-Cox Agency. Normally, application for express bonds can be approved within 24 hours as long as you have good credit rating. So this option provided by Baldwin-Cox Agency can help you to quickly bid for projects with payment bonds requirements.
Surety bonds ensure that your company will have a greater chance of securing a contract for a project. Besides, you cannot possibly get a government contract if you cannot post a bond. This is a requirement and mandated by existing statutes. If you need a quick bonding solution, just take advantage of the express bond package offered by Baldwin-Cox Agency. This is a good alternative compared to comprehensive surety bonds especially if your company only has infrequent bonding requirements.
Part 3 of 3 – Tool Stand – Router Table Loose Tenon Joinery
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Hard Maple Lumber Thick 5/4- Flat Sawed Board Clear Face Side $7.00 |
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Hard Maple Lumber, Long, Rift Sawed Board, Clear, White Wood, Top Quality $9.50 |
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Mahogany Lumber Thick 5/4 + Flat Sawed Board Clear Straight Grained $7.25 |
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Red Oak Lumber Inclusions Quarter Rift Sawed Rays Beautiful $16.15 |
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Red Oak Lumber, Instant Antique, Quarter/Rift Sawed Board, Rays End to End $9.25 |
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Red Oak Lumber, Quarter Sawed Board, Flakes End to End, Absolutely Beautiful $7.75 |
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Walnut Lumber, Rustic, Rift/Quarter Rough Sawed Board, Holes, Knots, Inclusions $7.75 |
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White Oak Lumber Rift Sawed Board Clear (Select) Straight Grained Premium $9.75 |
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White Oak Lumber Thick 6/4- Quarter Sawed Board Flakes Premium $9.00 |
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White Oak Lumber, Rift Sawed Board, Straight Grained, Medium Sand Color, Premium $9.00 |
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White Oak Lumber, Rift/Flat Sawed Board, Straight Grained, Instant Antique $9.75 |
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Maple Lumber, Solid Maple Arch, Beautiful Piece $11.33 |
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Drawer Sides, Pine, Routed Bottom Slot, Pack of 10 $15.00 |
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Shelf Board, Project Wood, Thick Pine, Light Color $7.21 |
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Table Top, Oval Shape, Unfinished Frame $20.00 |
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PSI Woodworking D50C 4-Inch by 50-Feet Clear Flexible Dust Collection Hose $9.00 |
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12 PC SET,CAST IRON,LONGHORN,DRAWER PULLS,WOODWORKING,FURNITURE REFINISHING $19.98 |
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Rail Cap, Soft Maple, Curved, Clear, Straight Grained $9.25 |
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1000 1/2″ , 3/4″ OR 1″ PAN HEAD WASHER POCKET SCREWS~WOODWORKING $9.99 |
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Brainerd 9715 Solid Brass Broad Hinges (Furniture/Cabinets/Crafts/Woodwork) $6.75 |
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Stanley 74-4200 Satin Brass Finish Cabinet Hinges (Furniture/Crafts/Woodwork) $6.25 |
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Brainerd 18XC Solid Brass Hinges (Furniture/Crafts/Cabinets/Woodwork) $7.50 |
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National V485 Cabinet Hinges 1-1/4 Nickel Finish (Furniture/Crafts/Woodwork) $6.50 |
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Stanley 72-4900 Ornamental 2 Cabinet Hinges (Furniture/Crafts/Woodwork) $6.75 |
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Brainerd Solid Brass 2 Cabinet Hinges (Furniture/Crafts/Woodwork) $7.25 |
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Stanley 72-2800 Ornamental Cabinet Hinges (Furniture/Crafts/Woodwork) $6.75 |
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FLAT HEAD WOOD SCREWS~FURNITURE HARDWARE~WOODWORKING $8.50 |
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Cherry Lumber, Thick 6/4-, Quarter Sawed Board, Straight Grained, Top Quality $7.75 |
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Hard Maple Lumber, Flat Sawed Board, Clear, Medium Textured, Beautiful $7.75 |
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Hard Maple Lumber, Flat Sawed Board, Clear, Straight Even Grained, Top Quality $9.00 |
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Hard Maple Lumber, Flat Sawed Board, Clear, Straight Grained, Beautiful $8.50 |
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Hard Maple Lumber, Thick 6/4, Clear, Rift Sawed Board, Excellent Quality $8.75 |
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Red Oak Lumber, Flat Sawed Board, Top Quality, Premium Pennsylvania Appalachian $9.75 |
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Red Oak Lumber, Instant Antique, Quarter Sawed Board, Flakes, Beautiful $7.25 |
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Walnut Lumber, Square Stock Board, Turning Wood, Clear, Straight Even Grained $9.75 |
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White Oak Lumber, Premium Flat Sawed Board, Clear, Straight Grained, Top Quality $7.50 |
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White Oak Lumber, Thick 5/4+, Quarter Sawed Board, Nicely Flaked, Excellent $8.00 |
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Drawer End, Pack of 10, 7/16″ Thick $12.50 |
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Drawer Divider, End, Side, Solid Maple, Pack of 10 $12.50 |
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Cabinet Door, Maple, Arched Top, Maple Construction $14.00 |
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Craftsman Building/Woodworking Plans 125 Blueprints-New $0.99 |
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SALE 40 Threaded Woodworking Zinc 1/4-20 Inserts,Crafts $5.85 |
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12 pcs Brass Plated Cup Hook-9/16 hole, 1-3/8 long $4.99 |
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Prefinished Antique Reclaimed Oak Flooring – Distressed Grade $12.95 |
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lot of 14 or 16 vintage oak 2×6 lumber approx 12 to 16 foot long $50.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $8.50 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.75 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.75 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $8.50 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $8.50 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.75 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.75 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.75 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $8.50 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.75 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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NIBSBURNER PYROGRAPHY TIPS — BEAUTIFY YOUR WORLD! $7.00 |
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brass handel pulls knobs metal furniture woodwork 1020A $4.95 |
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brass handel pulls knobs metal furniture woodwork 1145 $4.95 |
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brass handel pulls knobs metal furniture woodwork 1303 $4.95 |
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Handel pulls knobs metal furniture woodwork 497X $4.95 |
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Vintage 1952 Deltagram Nov/Dec Woodworking Delta Power Tool Rockwell Manuf.Co $9.99 |
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Poplar Lumber, Tulip, Thick 8/4-, Flat Sawed Board, Clear, Straight Grained $3.93 |
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Sycamore Lumber, Thick 5/4+ Board, Quarter/Rift Sawed, Rays, Clear, Beautiful $4.23 |
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Vintage July/August 1952 Deltagram Woodworking booklet, Delta Power Tool $9.99 |
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Vintage Sept/Oct 1952 Deltagram, Delta Power Tool Division, Rockwell woodworking $9.99 |
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Vintage Deltagram Woodworking Booklet March/April 1952 Rockwell Delta Powertools $9.99 |
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Vintage Deltagram 1952 Jan/Feb Woodworking Rockwell Manufacturing Milwaukee $9.99 |
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Vintage 1953 Deltagram Woodworking booklet Jan/Feb issue Volume 22 Pittsburgh PA $9.99 |
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Desk furniture Grommets, Qty 75, bulk, white, tan, black; woodworking $75.00 |
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Children’s Boat with Trundle Bed Woodworking Plans $19.95 |
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CONTOUR GAGE 6” GENERAL TOOL DESIGN GUAGE WOODWORKING $9.65 |
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Hard Maple Lumber Thick 5/4 Flat Sawed Board Clear Straight Grained Premium $7.25 |
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Mahogany Lumber Thick 8/4- Quarter Sawed Board Rays Clear Super Good One $9.75 |
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Red Pine Lumber Rustic Quarter Sawed Board Soft Textured Beautiful $9.50 |
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Red Oak Lumber Super Wide Board Flat Sawed Light Curl Clear Excellent $9.50 |
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Alder Lumber Thick 8/4- Flat Sawed Board Clear Straight Grain Superior Grade $4.00 |
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Walnut Lumber Thick 8/4- Quarter Rift Sawed Board Clear Rich Color Premium $5.00 |
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Walnut Lumber Thick 8/4- Flat Sawed Clear Straight Even Grained Beautiful $6.75 |
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Walnut Lumber Curly Thick 8/4 Wide Flat Sawed Board Absolutely Beautiful $11.00 |
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White Oak Lumber Curly Rift Flat Sawed Board Clear Premium Burr White Oak $9.00 |
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White Oak Lumber Thick 6/4- Curly Quarter Sawed Board Flakes Top Quality $9.75 |
