{"id":1089,"date":"2018-10-16T13:19:21","date_gmt":"2018-10-16T13:19:21","guid":{"rendered":"https:\/\/bhmdev.com\/sphilipsins\/?post_type=suretybonds&p=1089"},"modified":"2023-12-19T15:36:47","modified_gmt":"2023-12-19T23:36:47","slug":"supply-bond","status":"publish","type":"suretybonds","link":"https:\/\/bhmdev.com\/sphilipsins\/bonds\/performance-bonds\/supply-bond\/","title":{"rendered":"Supply Bond"},"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 admin_label=”H1 Title” _builder_version=”3.27.4″ 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=”||||||||” module_alignment=”left” 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=”36px” header_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

SUPPLY BOND<\/h1>\n

[\/et_pb_text][et_pb_text admin_label=”H2 Sub-Title” _builder_version=”3.27.4″ text_font=”|900|||||||” 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

Performance, Bid, Supply & Remodel Bonds<\/h2>\n

[\/et_pb_text][et_pb_dmb_breadcrumbs _builder_version=”3.16″ body_font=”Nunito|300||on|||||” body_text_align=”center” body_text_color=”#5e7a8a” body_font_size=”10″ body_letter_spacing=”1px” separator_text_color=”#009285″ link_font=”Nunito|300||on|||||” link_text_color=”#5e7a8a” body_font_size_tablet=”51″ body_line_height_tablet=”2″ separator_font_size_tablet=”51″ separator_line_height_tablet=”2″ link_font_size_tablet=”51″ link_line_height_tablet=”2″ linkhover_font_size_tablet=”51″ linkhover_line_height_tablet=”2″ global_colors_info=”{}”][\/et_pb_dmb_breadcrumbs][\/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=”{}”]<\/p>\n

SUPPLY BOND OVERVIEW:<\/strong>
\nA Supply Bond<\/strong> is a type of contract bond that guarantees the supplier will furnish supplies or materials as contracted. Should the supplier default, the surety will underwrite the purchaser of the supplies against any loss. This bond is required by the project owner or state or federal law to secure public construction projects.<\/p>\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.jpg” custom_padding=”5%||10%||false|false” bottom_divider_style=”slant” bottom_divider_color=”#ffffff” bottom_divider_flip=”horizontal” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ _builder_version=”3.25″ max_width=”1280px” animation_direction=”bottom” use_custom_width=”on” custom_width_px=”1280px” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Submissions under $450,000.00:” _builder_version=”3.27.4″ text_font=”Lato||||||||” text_font_size=”18px” 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” 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

Submissions under $450,000.00:<\/strong> One Page Application<\/p>\n

[\/et_pb_text][et_pb_blurb title=”2% rate or higher based on credit” use_icon=”on” font_icon=”||divi||400″ icon_color=”#ffffff” icon_placement=”left” image_icon_width=”22px” content_max_width=”1100px” admin_label=”2% rate or higher based on credit” _builder_version=”4.13.0″ header_font=”Lato||||||||” header_line_height=”1.2em” background_layout=”dark” custom_margin=”||5px|” animation_style=”slide” animation_direction=”bottom” animation_intensity_slide=”5%” icon_font_size=”22px” global_colors_info=”{}”][\/et_pb_blurb][et_pb_blurb title=”1 page application” use_icon=”on” font_icon=”||divi||400″ icon_color=”#ffffff” icon_placement=”left” image_icon_width=”22px” content_max_width=”1100px” admin_label=”1 page application” _builder_version=”4.13.0″ header_font=”Lato||||||||” header_line_height=”1.2em” background_layout=”dark” custom_margin=”0px||5px|” custom_padding=”0px||0px|” animation_style=”slide” animation_direction=”bottom” animation_intensity_slide=”5%” icon_font_size=”22px” global_colors_info=”{}”][\/et_pb_blurb][et_pb_blurb title=”Please include contract and bond forms” use_icon=”on” font_icon=”||divi||400″ icon_color=”#ffffff” icon_placement=”left” image_icon_width=”22px” content_max_width=”1100px” admin_label=”Please include contract and bond forms” _builder_version=”4.13.0″ header_font=”Lato||||||||” header_line_height=”1.2em” background_layout=”dark” custom_margin=”0px||5px|” custom_padding=”0px||0px|” animation_style=”slide” animation_direction=”bottom” animation_intensity_slide=”5%” icon_font_size=”22px” global_colors_info=”{}”][\/et_pb_blurb][et_pb_blurb title=”Please include personal financial statements” use_icon=”on” font_icon=”||divi||400″ icon_color=”#ffffff” icon_placement=”left” image_icon_width=”22px” content_max_width=”1100px” admin_label=”Please include personal financial statements” _builder_version=”4.13.0″ header_font=”Lato||||||||” header_line_height=”1.2em” background_layout=”dark” custom_margin=”0px||5px|” custom_padding=”0px||0px|” animation_style=”slide” animation_direction=”bottom” animation_intensity_slide=”5%” icon_font_size=”22px” global_colors_info=”{}”][\/et_pb_blurb][et_pb_blurb title=”2 day turnaround” use_icon=”on” font_icon=”||divi||400″ icon_color=”#ffffff” icon_placement=”left” image_icon_width=”22px” content_max_width=”1100px” admin_label=”2 day turnaround” _builder_version=”4.13.0″ header_font=”Lato||||||||” header_line_height=”1.2em” background_layout=”dark” custom_margin=”0px||5px|” custom_padding=”0px||0px|” animation_style=”slide” animation_direction=”bottom” animation_intensity_slide=”5%” icon_font_size=”22px” global_colors_info=”{}”][\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Submissions over $450,000.00″ _builder_version=”3.27.4″ text_font=”Lato||||||||” text_font_size=”18px” 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” 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

Submissions over $450,000.00<\/strong><\/p>\n

[\/et_pb_text][et_pb_blurb title=”Rates start at 1% to 3% based on credit, experience, etc.” use_icon=”on” font_icon=”||divi||400″ icon_color=”#ffffff” icon_placement=”left” image_icon_width=”22px” content_max_width=”1100px” admin_label=”Rates start at 1% to 3% based on credit, experience, etc.” _builder_version=”4.13.0″ header_font=”Lato||||||||” header_line_height=”1.2em” background_layout=”dark” custom_margin=”||5px|” animation_style=”slide” animation_direction=”bottom” animation_intensity_slide=”5%” icon_font_size=”22px” global_colors_info=”{}”][\/et_pb_blurb][et_pb_blurb title=”1 week turnaround on new submissions” use_icon=”on” font_icon=”||divi||400″ icon_color=”#ffffff” icon_placement=”left” image_icon_width=”22px” content_max_width=”1100px” admin_label=”1 week turnaround on new submissions” _builder_version=”4.13.0″ header_font=”Lato||||||||” header_line_height=”1.2em” background_layout=”dark” custom_margin=”0px||5px|” custom_padding=”0px||0px|” animation_style=”slide” animation_direction=”bottom” animation_intensity_slide=”5%” icon_font_size=”22px” global_colors_info=”{}”][\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”About” _builder_version=”3.22″ use_background_color_gradient=”on” background_color_gradient_start=”#ffffff” background_color_gradient_end=”#f4f4f4″ custom_padding=”20px|0px|60px|0px|false|false” global_colors_info=”{}”][et_pb_row _builder_version=”3.25″ custom_margin=”0px||30px||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” link_font=”||||||||” ul_font=”||||||||” ol_font=”||||||||” quote_font=”||||||||” header_font=”||||||||” 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_3_font=”||||||||” header_4_font=”||||||||” header_5_font=”||||||||” header_6_font=”Lato|700|||||||” header_6_font_size=”18px” header_6_letter_spacing=”1px” header_6_line_height=”1.8em” text_orientation=”center” max_width_tablet=”96%” max_width_phone=”96%” max_width_last_edited=”on|desktop” module_alignment=”center” custom_margin=”0px||0px||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=”{}”]<\/p>\n

Document Downloads<\/strong>
\nApplication: Call underwriter for appropriate application at 1-818-715-7133<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ disabled_on=”on|on|on” _builder_version=”4.14.1″ custom_margin=”0px||0px||false” custom_padding=”0px||0px||true” use_custom_width=”on” disabled=”on” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_2″ _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” link_font=”||||||||” ul_font=”||||||||” ol_font=”||||||||” quote_font=”||||||||” header_font=”||||||||” 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_3_font=”||||||||” header_4_font=”||||||||” header_5_font=”||||||||” header_6_font=”Lato|700|||||||” header_6_font_size=”18px” header_6_letter_spacing=”1px” header_6_line_height=”1.8em” max_width_tablet=”96%” max_width_phone=”96%” max_width_last_edited=”off|desktop” module_alignment=”center” custom_margin=”0px||0px||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=”{}”]<\/p>\n

Under $450,000:<\/strong><\/p>\n

[\/et_pb_text][et_pb_divider color=”#cfd8de” divider_style=”dashed” divider_position=”center” _builder_version=”3.12.1″ height=”0px” custom_margin=”12px||5px||false” custom_padding=”0px||0px||true” global_colors_info=”{}”][\/et_pb_divider][et_pb_button button_url=”https:\/\/bhmdev.com\/sphilipsins\/pdf\/JROlsen-Bonds_Personal_Financials.pdf” button_text=”Download: Application for Financial Statement (if required)” _builder_version=”4.13.0″ custom_button=”on” button_text_size=”14px” button_text_color=”#5e7a8a” button_border_width=”12px” button_border_color=”rgba(0,0,0,0)” button_border_radius=”50px” button_font=”Kanit|300||on|||||” button_icon=”i||divi||400″ button_icon_color=”#0788CA” button_icon_placement=”left” button_on_hover=”off” custom_margin=”0px||0px|7px” custom_margin_tablet=”|0vw||0vw||true” custom_margin_last_edited=”off|desktop” custom_padding=”0px|0px|0px|0px|true|true” animation_style=”fade” locked=”off” global_colors_info=”{}” button_text_size__hover_enabled=”off” button_text_size__hover=”null” button_one_text_size__hover_enabled=”off” button_one_text_size__hover=”null” button_two_text_size__hover_enabled=”off” button_two_text_size__hover=”null” button_text_color__hover_enabled=”on” button_text_color__hover=”#009285″ button_one_text_color__hover_enabled=”off” button_one_text_color__hover=”null” button_two_text_color__hover_enabled=”off” button_two_text_color__hover=”null” button_border_width__hover_enabled=”off” button_border_width__hover=”null” button_one_border_width__hover_enabled=”off” button_one_border_width__hover=”null” button_two_border_width__hover_enabled=”off” button_two_border_width__hover=”null” button_border_color__hover_enabled=”on” button_border_color__hover=”rgba(0,0,0,0)” button_one_border_color__hover_enabled=”off” button_one_border_color__hover=”null” button_two_border_color__hover_enabled=”off” button_two_border_color__hover=”null” button_border_radius__hover_enabled=”off” button_border_radius__hover=”null” button_one_border_radius__hover_enabled=”off” button_one_border_radius__hover=”null” button_two_border_radius__hover_enabled=”off” button_two_border_radius__hover=”null” button_letter_spacing__hover_enabled=”on” button_letter_spacing__hover=”0px” button_one_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover=”null” button_two_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover=”null” button_bg_color__hover_enabled=”on” button_bg_color__hover=”rgba(0,0,0,0)” button_one_bg_color__hover_enabled=”off” button_one_bg_color__hover=”null” button_two_bg_color__hover_enabled=”off” button_two_bg_color__hover=”null”][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_2″ _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” link_font=”||||||||” ul_font=”||||||||” ol_font=”||||||||” quote_font=”||||||||” header_font=”||||||||” 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_3_font=”||||||||” header_4_font=”||||||||” header_5_font=”||||||||” header_6_font=”Lato|700|||||||” header_6_font_size=”18px” header_6_letter_spacing=”1px” header_6_line_height=”1.8em” max_width_tablet=”96%” max_width_phone=”96%” max_width_last_edited=”off|desktop” module_alignment=”center” custom_margin=”0px||0px||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=”{}”]<\/p>\n

Over $450,000:<\/strong><\/p>\n

[\/et_pb_text][et_pb_divider color=”#cfd8de” divider_style=”dashed” divider_position=”center” _builder_version=”3.12.1″ height=”0px” custom_margin=”12px||5px||false” custom_padding=”0px||0px||true” locked=”off” global_colors_info=”{}”][\/et_pb_divider][et_pb_button button_url=”https:\/\/bhmdev.com\/sphilipsins\/pdf\/JROlsen-Bonds_Bid_Contract_Preformance_Bonds.pdf” button_text=”Download: Application All States for Supply & Performance; Service Contract Bonds, etc.” _builder_version=”4.13.0″ custom_button=”on” button_text_size=”14px” button_text_color=”#5e7a8a” button_border_width=”12px” button_border_color=”rgba(0,0,0,0)” button_border_radius=”50px” button_font=”Kanit|300||on|||||” button_icon=”i||divi||400″ button_icon_color=”#0788CA” button_icon_placement=”left” button_on_hover=”off” custom_margin=”0px||0px|7px” custom_margin_tablet=”|0vw||0vw||true” custom_margin_last_edited=”off|desktop” custom_padding=”0px|0px|0px|0px|true|true” animation_style=”fade” locked=”off” global_colors_info=”{}” button_text_size__hover_enabled=”off” button_text_size__hover=”null” button_one_text_size__hover_enabled=”off” button_one_text_size__hover=”null” button_two_text_size__hover_enabled=”off” button_two_text_size__hover=”null” button_text_color__hover_enabled=”on” button_text_color__hover=”#009285″ button_one_text_color__hover_enabled=”off” button_one_text_color__hover=”null” button_two_text_color__hover_enabled=”off” button_two_text_color__hover=”null” button_border_width__hover_enabled=”off” button_border_width__hover=”null” button_one_border_width__hover_enabled=”off” button_one_border_width__hover=”null” button_two_border_width__hover_enabled=”off” button_two_border_width__hover=”null” button_border_color__hover_enabled=”on” button_border_color__hover=”rgba(0,0,0,0)” button_one_border_color__hover_enabled=”off” button_one_border_color__hover=”null” button_two_border_color__hover_enabled=”off” button_two_border_color__hover=”null” button_border_radius__hover_enabled=”off” button_border_radius__hover=”null” button_one_border_radius__hover_enabled=”off” button_one_border_radius__hover=”null” button_two_border_radius__hover_enabled=”off” button_two_border_radius__hover=”null” button_letter_spacing__hover_enabled=”on” button_letter_spacing__hover=”0px” button_one_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover=”null” button_two_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover=”null” button_bg_color__hover_enabled=”on” button_bg_color__hover=”rgba(0,0,0,0)” button_one_bg_color__hover_enabled=”off” button_one_bg_color__hover=”null” button_two_bg_color__hover_enabled=”off” button_two_bg_color__hover=”null”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.14.8″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text admin_label=”Supply Bond FAQs” _builder_version=”4.14.8″ 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=”#0788CA” 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” text_orientation=”center” custom_margin=”||||false|false” custom_padding=”10px||10px||true|false” hover_enabled=”0″ header_2_font_size_tablet=”” header_2_font_size_phone=”22px” header_2_font_size_last_edited=”on|phone” z_index_tablet=”500″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_blur_strength_tablet=”1px” link_text_shadow_horizontal_length_tablet=”0px” link_text_shadow_vertical_length_tablet=”0px” link_text_shadow_blur_strength_tablet=”1px” ul_text_shadow_horizontal_length_tablet=”0px” ul_text_shadow_vertical_length_tablet=”0px” ul_text_shadow_blur_strength_tablet=”1px” ol_text_shadow_horizontal_length_tablet=”0px” ol_text_shadow_vertical_length_tablet=”0px” ol_text_shadow_blur_strength_tablet=”1px” quote_text_shadow_horizontal_length_tablet=”0px” quote_text_shadow_vertical_length_tablet=”0px” quote_text_shadow_blur_strength_tablet=”1px” header_text_shadow_horizontal_length_tablet=”0px” header_text_shadow_vertical_length_tablet=”0px” header_text_shadow_blur_strength_tablet=”1px” header_2_text_shadow_horizontal_length_tablet=”0px” header_2_text_shadow_vertical_length_tablet=”0px” header_2_text_shadow_blur_strength_tablet=”1px” header_3_text_shadow_horizontal_length_tablet=”0px” header_3_text_shadow_vertical_length_tablet=”0px” header_3_text_shadow_blur_strength_tablet=”1px” header_4_text_shadow_horizontal_length_tablet=”0px” header_4_text_shadow_vertical_length_tablet=”0px” header_4_text_shadow_blur_strength_tablet=”1px” header_5_text_shadow_horizontal_length_tablet=”0px” header_5_text_shadow_vertical_length_tablet=”0px” header_5_text_shadow_blur_strength_tablet=”1px” header_6_text_shadow_horizontal_length_tablet=”0px” header_6_text_shadow_vertical_length_tablet=”0px” header_6_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

Supply Bond FAQs<\/h2>\n

Do you want to know more about <\/span>supply bonds<\/span>? In the section below, we answer some of the most frequently asked questions about these contract surety bonds to ensure that you have access to the information you need.<\/span><\/p>\n

[\/et_pb_text][et_pb_accordion _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″][et_pb_accordion_item title=”What is a supply bond, and how do supply bonds work?” open=”on” _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

A supply bond is a type of surety bond that could be necessary when forming an agreement with a contractor.<\/p>\n

The supplier would typically get this kind of contract bond from a surety company to give their word that its contractual obligations, such as supplying the specified items within the established timeframe and fulfilling quality standards, will be met.<\/p>\n

It protects the project owner (known as the obligee) in the event that the supplier fails to provide the agreed-upon supplies. If he or she does not meet the deadline, the surety company will compensate the project owner for any monetary damage caused.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Who typically requires these surety bonds? ” open=”on” _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

Supply bonds are often needed by project owners, especially those who are\u00a0in the construction industry, to ensure prompt and acceptable delivery of goods and equipment. However, applicants must meet the applicable supply bond requirements to qualify for this type of bond.<\/span><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What is the difference between a supply bond vs. performance bond?” open=”on” _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

Both supply and performance bonds are types of surety bonds. However, they serve different functions in building projects.\u00a0<\/span><\/p>\n

A supply bond ensures that supplies and equipment are delivered as stated in an agreement. Performance bonds,\u00a0on the other hand, ensure that the entire project is completed in accordance with the requirements of the agreement.\u00a0<\/span><\/p>\n

While a\u00a0supply bond centers around\u00a0the supplier’s duties, a performance bond is designed to ensure that the contractor performs as promised on the entire project.\u00a0Both bonds safeguard project owners financially by limiting the risks they face because of\u00a0delays or poor\u00a0performance.\u00a0<\/span><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Can any supplier get this kind of bond?” open=”on” _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

The truth is that supply surety bonds are not available to everyone. To limit their risk exposure, surety bond companies will look at a supplier’s track record and financial stability when deciding whether to approve a particular bond amount.<\/span><\/p>\n

Only those who have proved to be reliable in the past and have good financial standing will qualify for these contract bonds.<\/span><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What happens if a supplier fails to follow their end of the bargain?” open=”on” _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

A supply bond guarantees that a project owner will not suffer financial losses because of the non-conformance of a supplier. In the event that the supplier fails to meet the relevant standards, the surety company will pay the project owner compensation.<\/span><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Why should I make S Philips Insurance Services, Inc. my surety company of choice? ” open=”on” _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

If the project owner you are working with requires supply bonds, then you can turn to S Philips & Insurance Services, Inc. for reliable service. With 40 years of experience in the industry, we are the surety bond experts that you can turn to when you need a <\/span>material supply bond.<\/span><\/p>\n

Our extensive experience and professionalism set us apart from our competitors, and our customer-centered focus ensures that you get a seamless and fuss-free experience.<\/span><\/p>\n

In addition to <\/span>supplier bonds<\/span>, we also offer a wide range of bonds, such as lost document bonds, performance bonds, court bonds, and contractor license bonds. <\/span><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What do supply bonds cost? ” open=”on” _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

A supply bond cost will generally depend on the bond amount. Surety bond companies will base the cost on a percentage of the coverage amount. To learn more about what it will cost you to get a <\/span>supply contract bond<\/span> for your construction project, it’s best to get in touch with us.<\/span><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”How do I set up a supply bond?” open=”on” _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

To get started, you will need to fill out the quote form below. Supply us with your details and information about your requirements, and we will provide you with a fast online quote. If you are happy with the quote, contact us to set up the supply bond.\u00a0<\/span><\/p>\n

A supply bond is important for providing reassurance to a project owner. If you are ready to get started with a contract bond or would like to get more information, contact us today!<\/span><\/p>\n

[\/et_pb_accordion_item][\/et_pb_accordion][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”About” module_id=”quick-quote” _builder_version=”3.8″ custom_padding=”60px|0px|60px|0px|false|false” global_module=”120″ global_colors_info=”{}”][et_pb_row _builder_version=”3.25″ custom_margin=”0px||0px||true” custom_padding=”0px||0px||true” use_custom_width=”on” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.13.0″ text_font=”Montserrat|300|||||||” text_text_color=”#5e7a8a” text_font_size=”18px” text_line_height=”1.8em” link_font=”||||||||” ul_font=”||||||||” ol_font=”||||||||” quote_font=”||||||||” header_font=”||||||||” header_2_font=”Kanit|300||on|||||” header_2_text_align=”center” header_2_text_color=”#0788CA” header_2_font_size=”40px” header_2_letter_spacing=”0.4px” header_2_line_height=”1.5em” header_3_font=”||||||||” header_4_font=”||||||||” header_5_font=”||||||||” header_6_font=”Lato|700|||||||” header_6_font_size=”18px” header_6_letter_spacing=”1px” header_6_line_height=”1.8em” text_orientation=”center” custom_margin=”0px||20px||false” custom_padding=”0px||0px||true” header_2_font_size_tablet=”” header_2_font_size_phone=”22px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

Get a Quick Quote TODAY<\/h2>\n

ALL ONLINE APPLICATIONS ARE SECURE<\/p>\n

[\/et_pb_text][et_pb_text admin_label=”Contact Form 7″ _builder_version=”3.27.4″ saved_tabs=”all” global_colors_info=”{}”]<\/p>\n\n

\n

<\/p>

    <\/ul><\/div>\n
    \n
    \n<\/fieldset>\n
    \n\t

    Contact Information\n\t<\/h3>\n\t

    <\/span>
    \n<\/span>
    \n<\/span>
    \n<\/span>\n\t<\/p>\n\t

    Are you an agent?*<\/strong>Yes<\/span><\/span>No<\/span><\/span><\/span><\/span>\n\t<\/p>\n\t


    \nRest easy knowing that all of your information is transmitted securely using an EV SSL encryption.<\/em><\/small>
    \n* Required Fields<\/strong><\/small>
    \n\t\n\t\n\t<\/p>\n<\/div>

    <\/div>\n<\/form>\n<\/div>\n\n
    \n
    Step 1<\/span>
    Step 2<\/span>
    Submit<\/span><\/div>\n

    Thank you for contacting us! We’ll contact you shortly.<\/p>\n<\/div>\n\n

    \n

    <\/p>

      <\/ul><\/div>\n\n
      \n<\/fieldset>\n
      \n\t

      <\/span>
      \n<\/span>
      \n<\/span>
      \n<\/span>\n\t<\/p>\n<\/div>\n

      \n\t
      \n\t\t

      Step 1<\/span>
      \nStep 2<\/span>
      \nSubmit<\/span>\n\t\t<\/p>\n\t<\/div>\n\t

      Insurance Information\n\t<\/h3>\n\t

      <\/span>
      \n<\/span>
      \n<\/span>
      \n<\/span>
      \n<\/span>
      \n<\/span>
      \n<\/span>
      \n<\/span>
      \n<\/span>
      \n<\/span>\n\t<\/p>\n\t


      \n<\/span>
      \n<\/span>\n\t<\/p>\n\t

      Are there any additional owners?


      \n<\/span>
      \n<\/span>
      \n<\/span>\n\t<\/p>\n\t

      Any prior claims?