Professional Bonding Solutions & Digital Integration
Purpose: This application serves as proposal security for competitive bidding on construction projects, establishing bid guarantee amounts, withdrawal penalties, and surety commitment to ensure bidding credibility and project opportunity access.
| Bond Type | Required Amount | Percentage of Bid | Requested Amount |
|---|---|---|---|
| Bid Bond | ☐ 5% ☐ 10% ☐ Other: _____% | $ | |
| Performance Bond (if awarded) | ☐ 100% ☐ Other: _____% | $ | |
| Payment Bond (if awarded) | ☐ 100% ☐ Other: _____% | $ |
1. Application Accuracy: The undersigned warrants that all information provided in this application is true, accurate, and complete. Any misrepresentation may result in bond denial or cancellation.
2. Financial Verification: Applicant authorizes Alliance for Contractors and designated surety companies to verify all financial information through credit reports, bank references, and third-party sources.
3. Bond Commitment: This application constitutes a request for bonding services. Acceptance is subject to surety approval and execution of appropriate bond forms and indemnity agreements.
4. Processing Timeline: Standard processing time is 48-72 hours for routine applications. Expedited processing available through Alliance's premium service tier.
5. Fee Structure: Bond premiums are determined by surety underwriting and project risk assessment. All fees must be paid prior to bond execution.
6. Withdrawal Penalties: Bid withdrawal after bond execution may result in forfeiture of penalty amount as specified in bond terms and project requirements.
7. Digital Integration: By submitting this application, contractor consents to digital processing, electronic communications, and integration with Alliance's project management systems.
Contractor Signature
Print Name: ________________________
Title: ________________________
Date: ________________________
Alliance Representative
Print Name: ________________________
Title: ________________________
Date: ________________________