What is My Bond Capacity?
What is my bond capacity? And how is it calculated? What does it mean? What is the value of this information to me and my company? These are questions we at KOG International, Inc. (www.kogbonds.com) encounter every day, from both existing, as well as prospective...
Bond rates and premiums – What Makes up My Bond Rate?
Although we at KOG (www.kogbonds.com) frequently get questions about bond rates and premiums from customers, as well as prospective customers, many factors determine what a contractor or business owner pays for his/her bonds. This blog addresses primarily construction...
A Quick Guide to Bid, Performance & Payment Bonds
Previously we discussed the fact that bonds are guarantees of something, and the first question we ask ourselves is, “a guarantee of what?” Requirements for Bid Bonds, Performance Bonds and Payment Bonds are usually found in construction specifications and they are...