Bond Details
Cost: $325
Street Obstruction and Excavation Bond | ||
---|---|---|
Cost: | $325 | |
State: | Tennessee | |
Category: | Contractor License Bonds | |
Obligee: | Tennessee-City of Chatanooga | |
Amount: | $25,000 | |
Duration: | Stated on Bond | |
Expiration: | Stated on Bond |
Tennessee-City of Chattanooga-Street Obstruction and Excavation Bond ($25,000) A surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation. As the obligee, the City of Chattanooga requires such a bond for contractors doing specific work within the city.
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75 Port City Landing
Ste 103
Mt. Pleasant SC 29464