Construction Contract Change Orders/Contract Surety Bonds/Bonding/Bonds/Neill Bonding & Insurance/MO, FL, GA, AL, AR, TN, SC, MS, NE, KS, LA, KY

Is there an additional cost to onstruction contract change orders?  Remember, the bond tracks the contract.  If the contract amount increases then so does the bond amount.  With that said, if there is a change order associated with a bonded project then an additional premium charge can be expected.  If the change orders are not reported at the time of the change you can expect the additional premium to be charged at the end of the project.  Don’t forget to include the additional bond premium in your cost of the change order.

Leave a Reply




You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>