{"id":1054,"date":"2018-10-10T16:41:32","date_gmt":"2018-10-10T16:41:32","guid":{"rendered":"https:\/\/bhmdev.com\/sphilipsins\/?post_type=suretybonds&p=1054"},"modified":"2023-06-21T09:11:21","modified_gmt":"2023-06-21T16:11:21","slug":"performance-bonds","status":"publish","type":"suretybonds","link":"https:\/\/bhmdev.com\/sphilipsins\/bonds\/performance-bonds\/","title":{"rendered":"Performance Bonds"},"content":{"rendered":"

[et_pb_section fb_built=”1″ disabled_on=”off|off|off” admin_label=”Feature” _builder_version=”3.22″ background_color=”#eaf7fd” custom_padding=”50px||100px||false|false” bottom_divider_style=”arrow3″ bottom_divider_color=”#ffffff” bottom_divider_flip=”horizontal” global_colors_info=”{}”][et_pb_row padding_top_bottom_link_1=”true” _builder_version=”3.25″ max_width=”1280px” custom_margin=”0px||0px||true” custom_padding=”0px||0px||true” animation_direction=”bottom” use_custom_width=”on” custom_width_px=”1280px” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”0px||0px|” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.13.0″ text_font=”Lato||||||||” text_font_size=”18px” text_line_height=”1.8em” header_font=”Kanit|||on|||||” header_text_align=”center” header_text_color=”#0788CA” header_font_size=”44px” header_line_height=”1.1em” header_2_font=”||||||||” max_width=”70%” max_width_tablet=”96%” max_width_phone=”” max_width_last_edited=”on|desktop” module_alignment=”center” custom_margin=”0px||10px||false|false” custom_margin_last_edited=”off|desktop” custom_padding=”|||” custom_padding_tablet=”|0vw||0vw||true” custom_padding_phone=”|||||false” custom_padding_last_edited=”off|desktop” animation_style=”fade” animation_direction=”bottom” header_font_size_tablet=”36px” header_font_size_phone=”” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

PERFORMANCE, PAYMENT, BID, SUPPLY & REMODEL BONDS<\/h1>\n

[\/et_pb_text][et_pb_text admin_label=”Title” _builder_version=”3.27.4″ text_font=”|900|||||||” header_font=”||||||||” header_2_font=”Kanit|300||on|||||” header_2_text_color=”#5e7a8a” header_2_font_size=”21px” header_2_letter_spacing=”1.6px” header_2_line_height=”1.3em” header_6_font=”Montserrat|300|||||||” header_6_text_align=”center” header_6_text_color=”#85c344″ header_6_letter_spacing=”0.2px” header_6_line_height=”1.4em” text_orientation=”center” module_alignment=”left” custom_margin=”-14px||0px||false|false” custom_padding=”0px||0px||true” custom_padding_tablet=”|0vw||0vw||true” custom_padding_phone=”|||||false” custom_padding_last_edited=”off|desktop” animation_style=”slide” animation_direction=”top” animation_intensity_slide=”5%” locked=”off” global_colors_info=”{}”]<\/p>\n

S Philips Insurance Services is a Nationwide Supplier of Surety Bonds<\/h2>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”About” _builder_version=”3.22″ custom_padding=”60px|0px|0px|0px|false|false” global_colors_info=”{}”][et_pb_row _builder_version=”3.25″ custom_margin=”0px||60px||false” custom_padding=”0px||0px||true” use_custom_width=”on” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ text_font=”Montserrat|300|||||||” text_text_color=”#5e7a8a” text_font_size=”18px” text_line_height=”1.8em” header_2_font=”Kanit|300||on|||||” header_2_text_align=”center” header_2_text_color=”#009285″ header_2_font_size=”40px” header_2_letter_spacing=”0.4px” header_2_line_height=”1.5em” header_6_font=”Lato|700|||||||” header_6_font_size=”18px” header_6_letter_spacing=”1px” header_6_line_height=”1.8em” max_width=”80%” max_width_tablet=”96%” max_width_phone=”” max_width_last_edited=”on|desktop” module_alignment=”center” custom_margin=”0px||20px||false” custom_padding=”0px||0px||true” text_font_size_tablet=”” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”” header_2_font_size_phone=”22px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]A Performance Bond<\/strong> is issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract. It is also referred to as a contract bond. A performance bond is usually provided by a bank or an insurance company to make sure a contractor completes designated projects. The Miller Act instituted the requirement of placing performance bonds. <\/p>\n

The Act covers all public work contracts $100,000 and above. These bonds are also required for private sector that necessitate the use of general contractors for their company\u2019s operations. Jobs that require payment and performance bonds go through job or project bidding first. As soon as the job or project is awarded to the winning bidder, payment and performance bonds are provided as a guarantee for the completion of the project.
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ disabled_on=”off|off|off” admin_label=”Feature” _builder_version=”3.22″ background_color=”#345168″ use_background_color_gradient=”on” background_color_gradient_start=”#5e7a8a” background_color_gradient_end=”rgba(94,122,138,0.78)” background_color_gradient_overlays_image=”on” background_image=”https:\/\/bhmdev.com\/sphilipsins\/wp-content\/uploads\/2018\/10\/bonds-1.jpg” custom_padding=”7.5%||10%||false|false” bottom_divider_style=”slant” bottom_divider_color=”#ffffff” bottom_divider_flip=”horizontal” global_colors_info=”{}”][et_pb_row _builder_version=”3.25″ max_width=”1280px” custom_margin=”0px|||” custom_padding=”0px|||” animation_direction=”bottom” use_custom_width=”on” custom_width_px=”1280px” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”WE OFFER THOUSANDS OF BONDS…” _builder_version=”3.27.4″ text_font=”Lato|||on|||||” text_font_size=”28px” text_line_height=”1.8em” header_2_font=”Kanit|300|||||||” header_2_font_size=”40px” header_2_letter_spacing=”2px” header_2_line_height=”1.2em” header_6_font=”Kanit||||||||” header_6_font_size=”18px” header_6_letter_spacing=”1px” header_6_line_height=”1.8em” text_orientation=”center” background_layout=”dark” animation_style=”slide” animation_direction=”bottom” animation_intensity_slide=”5%” header_2_font_size_tablet=”” header_2_font_size_phone=”22px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

WE OFFER THOUSANDS OF BONDS AND IT’S IMPOSSIBLE TO LIST THEM ALL.
IF YOU DON’T SEE A SPECIFIC BOND, JUST REQUEST A QUOTE!<\/strong><\/p>\n

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