Updated almost 6 years ago on . Most recent reply
Surety bonds for rehab work
- Do you use surety bonds when working with general contractors on rehabs or flips?
- Is there a minimum project cost that you'd require a GC to be bonded?
- What are the pros and cons of requiring bonding?
It seems to me a good idea to require bonding for almost any project as a way to mitigate risk. If you have experience with this, what are some of your thoughts?