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Step 1: Bond Claim
  • Serve notice upon the prime contractor (principal) and the surety within 120 days of last furnishing material, labor or services.

Step 2: Suit Against Bond
  • Within 1 year of last furnishing material, labor or services.

Bond Bits

  • Contracts less then $100,000 are excluded from bond requirements.
  • Amount of Bond: Not less than 100% of contract.