• What is a Contract Bid Bond? Learn in 1 minute.

    What are Bid Bonds? Learn in 1 minute what the definition of a Contract Bid Bond and what it does for your business. Call 1-800-361-1720 or visit https://southcoastsurety.com/surety-services/bid-bonds/ today to learn more and get your bid bond at the best rates with fast approvals. Most Obligees require the posting of a “Bid Security” in the form of a cashier’s check or a bid bond. The amount of the bid security is usually 10%, but can range from 5% to 25% or more. The bid bond guarantees that the lowest qualified bidder will sign the contract and provide the required surety bonds. If an Obligee awards a job to a contractor, and that contractor does not sign the contract and provide the required bonds at the original proposed pricing, their bid security is at risk. The Obligee may use th...

    published: 31 Aug 2015
  • how does a bid bond work

    Go to https://swiftbonds.com/bid-bond/ to get more information on bid bonds. See video 2 here: https://www.youtube.com/watch?v=k6NnaLl3-_E ---------------------------------------- Index of video content: In order to have a better understanding of what bid bonds are, it is first important to have an understanding of what surety means. In the bidding process (particularly in the construction industry) not only in government or federal projects but in big budgeted projects as well, the surety (normally an insurance company or a bank), sets up a guarantee that the obligations set forth in the contract for which a bid was placed, will be done. Also known as a bid security or bid guaranty, a bid bond is the specific part of the process of bidding that assures the project owner that the win...

    published: 28 May 2016
  • What is BID BOND? What does BID BOND mean? BID BOND meaning, definition & explanation

    What is BID BOND? What does BID BOND mean? BID BOND meaning - BID BOND definition - BID BOND explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A bid bond is issued as part of a supply bidding process by the contractor to the project owner, to provide guarantee, that the winning bidder will undertake the contract under the terms at which they bid. The cash deposit is subject to full or partial forfeiture if the winning contractor fails to either execute the contract or provide the required performance and/or payment bonds. The bid bond assures and guarantees that should the bidder be successful, the bidder will execute the contract and provide the required surety bonds. A bid bond of amount not above 10% of the contract or...

    published: 28 Apr 2017
  • Get Bids for Security Guard Service

    In this video we show you how to use TheBiddingSpace.com to get bids for your property when you are in need of Security Guards. TheBiddingSpace.com The Place Where Property Managers and Vendors Meet

    published: 11 Sep 2011
  • Security Services Proposal - for Security Business - Security Company Proposal

    Security services proposal by startasecuritycompany.com, a Blueline Capital company. Editable security business proposal to bid on private and government security contracts. Sample proposal for security company. This video describes how to utilize our Security Services Proposal that is available for purchase at: http://www.startasecuritycompany.com/proposal-for-security-services-template We are The World's Resource for Starting a Security Company. Let us put our years of security industry experience to work for you. We offer custom designed security templates , tutorial eBooks, security company logo and website design and more. Visit us at https://www.startasecuritycompany.com Visit our uniform and equipment store at https://www.officersupplydepot.com Visit our blog at https://www.secu...

    published: 11 Aug 2011
  • How To Find Security Contract RFQs To Bid On State of Michigan | Security Companies

    http://ww.citadelcenturions.com How To Get RFQs From State Of Michigan To Acquire Security Contracts for Security Companies? See Video Here: https://youtu.be/B4fbMxVOgSA Win Security Contracts RFQs To Bid On State of Michigan | Security Companies Consult with CITADEL CENTURIONS, INC. A Stronghold For All of Your Security Needs! CALL: (773) 727-3336 Tags: RFQ, Police, Executive Protection, Security, Video Surveillance, Investigations, Loss-Prevention, Retail Safety, Personal Protection, Security Training, Instruction, Celebrity, Sports Events, Construction Sites, and More http://www.citadelcenturions.com

    published: 18 Sep 2015
  • 15kg heroin smuggling bid foiled by PIA security

    15kg heroin smuggling bid foiled by PIA security 24 News HD is one of the leading news channels of Pakistan bringing you the latest current affairs from Pakistan and around the world. Subscribe to the Official 24 News YouTube Channel: https://www.youtube.com/c/24NewsHD Like us on Facebook: https://facebook.com/24NewsHD.tv Visit our website: https://www.24NewsHD.tv

    published: 21 Dec 2016
  • Security guard sacrifices life to foil robbery bid

    Security guard sacrifices life to foil robbery bid Subscribe to the Official 24 News YouTube Channel: https://www.youtube.com/c/24NewsHD Like us on Facebook: https://facebook.com/24NewsHD.tv

    published: 17 Mar 2017
  • Myrto Security - BID International Convention Geneva 2014

    Received the International Star Award for Quality in Gold Category. Recognized for Commitment to Quality, Leadership, Technology and Innovation. Myrto Security represent success for Albania in the business world.

    published: 23 Sep 2014
  • 2006 SWC Bid - Security

    Presentation video for 2006 SWC Bid, highlighting the security in South Africa

    published: 26 Aug 2008
  • Indonesia detains 18 in pre-emptive bid to boost Christmas security

    Indonesia detains 18 in pre-emptive bid to boost Christmas security Indonesia detains 18 in pre-emptive bid to boost Christmas security Indonesia detains 18 in pre-emptive bid to boost Christmas security Subscribe my channel: https://www.youtube.com/channel/UCFDqPd4DHaT_Tl1KHuYtEKQ?sub_confirmation=1

    published: 11 Dec 2017
  • What Are Contract Surety Bonds?

    In the world of contract surety there are two basic categories – Construction Surety Bonds and Commercial Contract Surety Bonds. Video Transcript: We previously discussed that while Contract Surety Bonds are issued by insurance companies, surety is NOT like the insurance you get for your home, car or business… In the world of contract surety there are two basic categories – Construction and Commercial. In construction contract surety there are a number of bond types that may be needed. Bid bonds, performance bonds and payment bonds are the most prevalent; but, you may sometimes see: warranty bonds, maintenance bonds and subdivision bonds. When an owner, usually a public entity… but not always, decides to put a construction project out to bid, they will provide the outline, plans and s...

    published: 28 Aug 2015
  • Fadi Elsalameen at the American Security project discusses the Palestinian ICC bid

    CCTV America interviewed Fadi Elsalameen, who is a senior fellow at the American Security project and the chairman of a campaign to elect Marwan Barghouti as president of the Palestinian authority to discuss more about reaction to the Palestinian ICC bid.

    published: 04 Jan 2015
  • Tight security deployed at Palanpur collector office to prevent self-immolation bid,

    #Banaskantha પાલનપુર કલેકટર કચેરીએ આત્મવિલોપન ની ચીમકીઓ ને લઈ ચુસ્ત પોલીસ પાલનપુર કલેકટરશ્રીની કચેરીએ આત્મવિલોપનની અરજીઓ લઈને ચુસ્ત પોલીસ બંદોવસ્ત ગોઠવાયો. ચીમકીઓ ને લઈ પોલીસ ગોઠવાઈ.. ફાયર ફાઇટર સહિત પોલીસ કર્મીઓ તૈનાત પાટણ આત્મવિલોપન ની ઘટના બાદ ચીમકીઓ નો દોર બનાસકાંઠામાં પણ 4 જેટલી આત્મવિલોપનની ચીમકીઓ ની અરજી.. લોકો ન્યાય માટે અપનાવી રહ્યા છે આત્મવિલોપન નો માર્ગ.. ચીમકીઓ ને પગલે વહીવટી તંત્ર દ્વારા અગમચેતીના પગલાં.. #Banaskantha #subside #Tight security deployed at #Palanpur collector office to prevent #self-immolation bid, #Banaskantha

    published: 03 Mar 2018
  • SECURITY OPERATIVES FOIL SHIITE PROTESTERS BID TO ENTER VILLA...watch & share...!

    published: 05 Apr 2018
  • $240,000 Pier no bid security contract.

    Does the pier really have to be guarded? Can police drive by it once in a while? Do they check the port and the Mahaffey and so forth? If parking on the approach was allowed wouldn't a parking attendant be watching the pier at least during the day? I would love some input on this please comment. More... The pier approach is basically a road with parking spaces and parking meters. Instead of being open and earning revenue, it will cost $20,000 per month to "secure" and close to cars but open to pedestrians. I am posting this segment, not just for this issue which I think merits more debate but to demonstrate that the http://www.granicus.com/ system of video and agenda used by the city is not sufficient. I am collecting input on how to make a better system. Just a few of my notes follow....

    published: 02 Dec 2013
  • 2016 02 27 BID Patrol waking up a woman in front of the Starbucks at Sunset and Vine

    This is a video of two BID Patrol officers, Mike Ayala and a man whose name we don't know, telling a woman who's been sleeping on the sidewalk in front of the Starbucks at Sunset and Vine that she'll have to get up and move on. The audio is lousy.

    published: 27 Feb 2016
  • Types of security contracts

    Some information on just a few of the types of security contracts you can work in the security industry. Be sure to check me out on Twitter and Facebook at https://twitter.com/TAGGBryce https://www.facebook.com/TAGGBryce/

    published: 11 Apr 2017
  • Bank Guarantee - Performance, Financial, Advance Payment, Bid Bond (Hindi)

    What is a Bank Guarantee? Types of Bank Guarantees - Performance Guarantee, Financial Guarantee, Advance Payment Guarantee, Bid Bond or Earnest Money Deposit (EMD), Foreign Bank Guarantee, Deferred Payment Guarantee. Explained in Hindi. Bank Guarantee is different from letter of credit. Although both are non-fund base credit facilities used in trade finance or trading finance, they are different financial instruments. You have to pay bank guarantee charges along with the collateral. Bank Guarantees are also used in Bidding and Tendering Process while submitting bid bonds or EMD.

    published: 12 Apr 2018
  • Security guard foils ATM robbery bid

    SUBSCRIBE for more updates- News24 English Website-http://news24online.com News24 Hindi Website-http://hindi.news24online.com Youtube: https://www.youtube.com/News24page Security guard foils ATM robbery bid Follow News24 on Social Media: Facebook: https://www.facebook.com/news24channel Twitter: https://twitter.com/news24tvchannel Google+:https://plus.google.com/+News24channel

    published: 18 Feb 2016
  • Conrad Questions Security contract Bid

    published: 18 Nov 2015
  • 2015 07 09 Hollywood BID Joint Security Committee meeting part 2

    July 9, 2015 meeting of the Hollywood Entertainment District BID and the Sunset-Vine BID Joint Security Committee at the Salvation Army Youth Center The Way In, 5939 Hollywood Blvd.

    published: 09 Jul 2015
  • Kerry visits Egypt in bid to recalibrate security ties

    US Secretary of State John Kerry is heading to Cairo for talks with Egyptian leaders. A decades-long security relationship ended two years ago, when the US cut off military aid to protest against the overthrow of President Mohamed Morsi. Al Jazeera's Rosiland Jordan reports from Washington DC. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/

    published: 01 Aug 2015
  • Was Broadcom's bid for Qualcomm a national security risk?

    The Coming Collapse of China’ author Gordon Chang on President Trump's decision to block Broadcom's acquisition of Qualcomm.

    published: 13 Mar 2018
developed with YouTube
What is a Contract Bid Bond? Learn in 1 minute.
1:07

What is a Contract Bid Bond? Learn in 1 minute.

  • Order:
  • Duration: 1:07
  • Updated: 31 Aug 2015
  • views: 2421
videos
What are Bid Bonds? Learn in 1 minute what the definition of a Contract Bid Bond and what it does for your business. Call 1-800-361-1720 or visit https://southcoastsurety.com/surety-services/bid-bonds/ today to learn more and get your bid bond at the best rates with fast approvals. Most Obligees require the posting of a “Bid Security” in the form of a cashier’s check or a bid bond. The amount of the bid security is usually 10%, but can range from 5% to 25% or more. The bid bond guarantees that the lowest qualified bidder will sign the contract and provide the required surety bonds. If an Obligee awards a job to a contractor, and that contractor does not sign the contract and provide the required bonds at the original proposed pricing, their bid security is at risk. The Obligee may use their bid security to cover the difference between that contractor’s bid and the next lowest qualified bidder. In some cases, the full penalty of the bid security may be forfeited. Because a bid bond only guarantees that the successful bidder will enter the contract and provide the required Contract Surety Bonds, (Performance, Payment, etc.) the bid bonds are issued without a significant fee. Usually the surety charges a small annual bid bond service fee or nothing at all for contractors that generate sufficient contract bond premiums.
https://wn.com/What_Is_A_Contract_Bid_Bond_Learn_In_1_Minute.
how does a bid bond work
1:22

how does a bid bond work

  • Order:
  • Duration: 1:22
  • Updated: 28 May 2016
  • views: 891
videos
Go to https://swiftbonds.com/bid-bond/ to get more information on bid bonds. See video 2 here: https://www.youtube.com/watch?v=k6NnaLl3-_E ---------------------------------------- Index of video content: In order to have a better understanding of what bid bonds are, it is first important to have an understanding of what surety means. In the bidding process (particularly in the construction industry) not only in government or federal projects but in big budgeted projects as well, the surety (normally an insurance company or a bank), sets up a guarantee that the obligations set forth in the contract for which a bid was placed, will be done. Also known as a bid security or bid guaranty, a bid bond is the specific part of the process of bidding that assures the project owner that the winning bid will be honored. When dealing with huge amounts of money, bid bonds facilitate in making the process proceed in a smooth manner. Without the bond, the owner will have no idea as to who the bidders are, and whether or not they are financially solvent. ---------------------------------------- CLICK HERE: Find out more about all the bonds we offer at our main site https://swiftbonds.com/ ---------------------------------------- More Information about bid bonds: Bid Bond Definition | Investopedia www.investopedia.com/terms/b/bid-bond.aspInvestopedia Bid bond - Wikipedia https://en.wikipedia.org/wiki/Bid_bond A bid bond is issued as part of a supply bidding process by the contractor to the project owner, to attempt to guarantee that the winning bidder will undertake the contract under the terms at which they bid. What is bid bond? definition and meaning - BusinessDictionary.com www.businessdictionary.com/definition/bid-bond.html Unlike a fidelity bond, a bid bond is not an insurance policy, and (if cashed by the principal) the payment amount is recovered by the guarantor from the contractor. Also called bid guaranty or bid surety. Bid Bond Definition | Investopedia www.investopedia.com/terms/b/bid-bond.asp Investopedia A bid bond is a debt secured by a bidder for a construction job or similar type of bid-based selection process for the purpose of providing a guarantee to the ... What are Bid Bonds and How Do They Work? | Construction Law Today www.constructionlawtoday.com › Bonds The primary purpose of a bid bond is to assure the developer that the low-bidding contractor will enter into a contract for the price quoted in his ... Bid bond - Wikipedia https://en.wikipedia.org/wiki/Bid_bond Wikipedia A bid bond is issued as part of a supply bidding process by the contractor to the project owner, to attempt to guarantee that the winning bidder will undertake the ... What is bid bond? definition and meaning - BusinessDictionary.com www.businessdictionary.com/definition/bid-bond.html A written guaranty from a third party guarantor (usually a bank or an insurance company) submitted to a principal (client or customer) by a contractor (bidder) with a bid. A bid bond ensures that on acceptance of a bid by the customer the contractor will proceed with the contract ... Bid Bond Definition | Investopedia www.investopedia.com/terms/b/bid-bond.asp Investopedia A bid bond is a debt ---------------------------------------- People who watched this video Also searched online for: Searches related to bid bonds performance bonds bid bonds and performance bonds bid bonds explained how do bid bonds work bid bonds for construction types of bid bonds payment bonds typical bid bond amount Find out more about all the bonds we offer at our main site https://swiftbonds.com ------------------------------------------- CONNECT WITH US: Swiftbonds G+ page https://plus.google.com/+SwiftbondsOverlandPark/about Twitter account for Swiftbonds here https://twitter.com/swiftbonds Follow us on Facebook at https://www.facebook.com/swiftbonds Swiftbonds LinkedIn company page is here https://www.linkedin.com/company/swiftbonds Swiftbonds on Pinterest https://www.pinterest.com/swiftbonds/ Our Blogger blog for Swiftbonds is at http://swiftbonds.blogspot.com/ You can find us on Diigo at https://www.diigo.com/user/swiftbonds See our Google Docs Slideshow here: https://docs.google.com/presentation/d/1NnBg_tUyE50qtVvfTcTxSCgM6L_790Ek7O42niNQX5c/preview ------------------------------------- Keep up with all our video tutorials by subscribing to our channel at http://www.youtube.com/channel/UCcBRQemaJLahElJQueyLP_Q click the link below, subscribe to our channel and get informed when we add new content: http://www.youtube.com/channel/UCcBRQemaJLahElJQueyLP_Q?sub_confirmation=1 https://www.youtube.com/playlist?list=PLOr1J6ZDX2IbBeoYsnPittOtDdCBWN_q3 #performancebonds #bidbondsandperformancebonds #bidbondsexplained #howdobidbondswork #bidbondsforconstruction #typesofbidbonds #paymentbonds #typicalbidbondamount -------------------------------------------- Find out more about all the bonds we offer at our main site https://swiftbonds.com/
https://wn.com/How_Does_A_Bid_Bond_Work
What is BID BOND? What does BID BOND mean? BID BOND meaning, definition & explanation
2:08

What is BID BOND? What does BID BOND mean? BID BOND meaning, definition & explanation

  • Order:
  • Duration: 2:08
  • Updated: 28 Apr 2017
  • views: 832
videos
What is BID BOND? What does BID BOND mean? BID BOND meaning - BID BOND definition - BID BOND explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A bid bond is issued as part of a supply bidding process by the contractor to the project owner, to provide guarantee, that the winning bidder will undertake the contract under the terms at which they bid. The cash deposit is subject to full or partial forfeiture if the winning contractor fails to either execute the contract or provide the required performance and/or payment bonds. The bid bond assures and guarantees that should the bidder be successful, the bidder will execute the contract and provide the required surety bonds. A bid bond of amount not above 10% of the contract order total amount is deposited when a contractor, also known as the “supplier" or "principal", is bidding on a tendered contract. The bid bond prequalifies the principal and provides the necessary security to the owner (or general contractor), also known as the “obligee”. This helps to avoid frivolous bids and guarantees that the principal will enter into the contract if it is awarded. A bid bond guarantees that the “obligee” will be paid the difference between the principal's tender price and the next closest tender price. This action is only triggered should the principal be awarded the contract but fails to enter into the contract, as agreed, with the obligee. The bid bond penalty is generally ten percent of the bidder's tender price. Contractors prefer the use of bid bonds because they are a less expensive option and they do not tie up cash or bank credit lines during the bidding process. Owners and general contractors also use bid bonds because they establish and confirm that the bidding contractor or supplier is qualified to undertake the project.
https://wn.com/What_Is_Bid_Bond_What_Does_Bid_Bond_Mean_Bid_Bond_Meaning,_Definition_Explanation
Get Bids for Security Guard Service
3:04

Get Bids for Security Guard Service

  • Order:
  • Duration: 3:04
  • Updated: 11 Sep 2011
  • views: 3907
videos
In this video we show you how to use TheBiddingSpace.com to get bids for your property when you are in need of Security Guards. TheBiddingSpace.com The Place Where Property Managers and Vendors Meet
https://wn.com/Get_Bids_For_Security_Guard_Service
Security Services Proposal - for Security Business - Security Company Proposal
2:11

Security Services Proposal - for Security Business - Security Company Proposal

  • Order:
  • Duration: 2:11
  • Updated: 11 Aug 2011
  • views: 11485
videos
Security services proposal by startasecuritycompany.com, a Blueline Capital company. Editable security business proposal to bid on private and government security contracts. Sample proposal for security company. This video describes how to utilize our Security Services Proposal that is available for purchase at: http://www.startasecuritycompany.com/proposal-for-security-services-template We are The World's Resource for Starting a Security Company. Let us put our years of security industry experience to work for you. We offer custom designed security templates , tutorial eBooks, security company logo and website design and more. Visit us at https://www.startasecuritycompany.com Visit our uniform and equipment store at https://www.officersupplydepot.com Visit our blog at https://www.securityinsiderblog.com
https://wn.com/Security_Services_Proposal_For_Security_Business_Security_Company_Proposal
How To Find Security Contract RFQs To  Bid On State of Michigan | Security Companies
7:34

How To Find Security Contract RFQs To Bid On State of Michigan | Security Companies

  • Order:
  • Duration: 7:34
  • Updated: 18 Sep 2015
  • views: 2514
videos
http://ww.citadelcenturions.com How To Get RFQs From State Of Michigan To Acquire Security Contracts for Security Companies? See Video Here: https://youtu.be/B4fbMxVOgSA Win Security Contracts RFQs To Bid On State of Michigan | Security Companies Consult with CITADEL CENTURIONS, INC. A Stronghold For All of Your Security Needs! CALL: (773) 727-3336 Tags: RFQ, Police, Executive Protection, Security, Video Surveillance, Investigations, Loss-Prevention, Retail Safety, Personal Protection, Security Training, Instruction, Celebrity, Sports Events, Construction Sites, and More http://www.citadelcenturions.com
https://wn.com/How_To_Find_Security_Contract_Rfqs_To_Bid_On_State_Of_Michigan_|_Security_Companies
15kg heroin smuggling bid foiled by PIA security
1:27

15kg heroin smuggling bid foiled by PIA security

  • Order:
  • Duration: 1:27
  • Updated: 21 Dec 2016
  • views: 8542
videos
15kg heroin smuggling bid foiled by PIA security 24 News HD is one of the leading news channels of Pakistan bringing you the latest current affairs from Pakistan and around the world. Subscribe to the Official 24 News YouTube Channel: https://www.youtube.com/c/24NewsHD Like us on Facebook: https://facebook.com/24NewsHD.tv Visit our website: https://www.24NewsHD.tv
https://wn.com/15Kg_Heroin_Smuggling_Bid_Foiled_By_Pia_Security
Security guard sacrifices life to foil robbery bid
5:03

Security guard sacrifices life to foil robbery bid

  • Order:
  • Duration: 5:03
  • Updated: 17 Mar 2017
  • views: 1687
videos
Security guard sacrifices life to foil robbery bid Subscribe to the Official 24 News YouTube Channel: https://www.youtube.com/c/24NewsHD Like us on Facebook: https://facebook.com/24NewsHD.tv
https://wn.com/Security_Guard_Sacrifices_Life_To_Foil_Robbery_Bid
Myrto Security - BID International Convention Geneva 2014
0:56

Myrto Security - BID International Convention Geneva 2014

  • Order:
  • Duration: 0:56
  • Updated: 23 Sep 2014
  • views: 960
videos
Received the International Star Award for Quality in Gold Category. Recognized for Commitment to Quality, Leadership, Technology and Innovation. Myrto Security represent success for Albania in the business world.
https://wn.com/Myrto_Security_Bid_International_Convention_Geneva_2014
2006 SWC Bid - Security
0:39

2006 SWC Bid - Security

  • Order:
  • Duration: 0:39
  • Updated: 26 Aug 2008
  • views: 13
videos
Presentation video for 2006 SWC Bid, highlighting the security in South Africa
https://wn.com/2006_Swc_Bid_Security
Indonesia detains 18 in pre-emptive bid to boost Christmas security
2:20

Indonesia detains 18 in pre-emptive bid to boost Christmas security

  • Order:
  • Duration: 2:20
  • Updated: 11 Dec 2017
  • views: 1
videos
Indonesia detains 18 in pre-emptive bid to boost Christmas security Indonesia detains 18 in pre-emptive bid to boost Christmas security Indonesia detains 18 in pre-emptive bid to boost Christmas security Subscribe my channel: https://www.youtube.com/channel/UCFDqPd4DHaT_Tl1KHuYtEKQ?sub_confirmation=1
https://wn.com/Indonesia_Detains_18_In_Pre_Emptive_Bid_To_Boost_Christmas_Security
What Are Contract Surety Bonds?
5:56

What Are Contract Surety Bonds?

  • Order:
  • Duration: 5:56
  • Updated: 28 Aug 2015
  • views: 4513
videos
In the world of contract surety there are two basic categories – Construction Surety Bonds and Commercial Contract Surety Bonds. Video Transcript: We previously discussed that while Contract Surety Bonds are issued by insurance companies, surety is NOT like the insurance you get for your home, car or business… In the world of contract surety there are two basic categories – Construction and Commercial. In construction contract surety there are a number of bond types that may be needed. Bid bonds, performance bonds and payment bonds are the most prevalent; but, you may sometimes see: warranty bonds, maintenance bonds and subdivision bonds. When an owner, usually a public entity… but not always, decides to put a construction project out to bid, they will provide the outline, plans and specifications for that job to either a specific list of contractors or the general public. The owner (the Obligee) will set a date and time for the bids to be turned in. And here is a tricky fact…. Often a General Contractor (GC) who has been awarded a large contract will put parts of that same contract out to bid to subcontractors who specialize in certain trades. Since the GC is responsible for the entire job, even the parts they don’t perform themselves, the GC will want assurance that their subcontractors will perform the work to the contract specification so the GC will require their subs to get bonded as well. In this instance the GC becomes the Obligee to its subs and the sub-contractors are the principals. Most Obligees require the posting of a “Bid Security” in the form of a cashier’s check or a bid bond. The amount of the bid security is usually 10%, but can range from 5% to 25% or more. The bid bond guarantees that the lowest qualified bidder will sign the contract and provide the required surety bonds. For a Contractor to qualify for these bonds, they must demonstrate to the Surety their experience, expertise, staffing, cash flow, reserves and character to manage, properly perform and accomplish the work. The surety provides the bonds that allow you to get the job; but they do so with the understanding, as discussed in our “What is Surety” video, that their guarantee will never have to be acted upon. The number one rule in surety is that if the surety thinks that a requested contract bond (visual: Bid, Performance, Payment, etc.) might have a claim, then the surety will decline the request…. Period. The Extension of Surety Credit is Based Upon Zero Loss Potential. Sometimes problems occur and jobs run into trouble and claims happen. Sureties understand this and expect the contractor to step up and take care of the problem, as necessary. How a contractor manages the problems says a lot about their character and once a problem is managed and resolved, the experience can even help the contractor going forward since they have shown the ability to do what is necessary to solve the problem. Often a positive result to a job problem provides the surety underwriter with a better comfort level in regards to the character of the contractor, which can help when trying to grow their surety support. Speaking of Surety Underwriters, these are the individuals who analyze the contractors’ information and the contract to determine if the surety can support the contractor and their request. In the past, all contractors were required to provide significant financial information in order to qualify for contract surety support. Over the last decade this has changed… A bit. Today, there are many surety programs that have adjusted their entry level requirements to allow an easier path for contractors to get started in the world of surety bonded contracts. There are a number of “Application Only” programs that only need a completed application and possibly some limited financial information to provide surety bonds for single jobs up to around $500,000 and also support a total multi-job surety bonded program (aggregate) up to around $1 million or more. This is the industry’s effort to reach out and help contractors get some experience in public sector jobs or jobs that require surety bonds. Once a contractor wishes to graduate to bigger works, they will need to bring substantially more financial information to support the larger surety bond program. What is needed????? That we will save for another time. I hope our little video has given you a good insight into contract surety bonding and we look forward to sharing more surety specific information in the future….
https://wn.com/What_Are_Contract_Surety_Bonds
Fadi Elsalameen at the American Security project discusses the Palestinian ICC bid
4:17

Fadi Elsalameen at the American Security project discusses the Palestinian ICC bid

  • Order:
  • Duration: 4:17
  • Updated: 04 Jan 2015
  • views: 2189
videos
CCTV America interviewed Fadi Elsalameen, who is a senior fellow at the American Security project and the chairman of a campaign to elect Marwan Barghouti as president of the Palestinian authority to discuss more about reaction to the Palestinian ICC bid.
https://wn.com/Fadi_Elsalameen_At_The_American_Security_Project_Discusses_The_Palestinian_Icc_Bid
Tight security deployed at Palanpur collector office to prevent self-immolation bid,
0:31

Tight security deployed at Palanpur collector office to prevent self-immolation bid,

  • Order:
  • Duration: 0:31
  • Updated: 03 Mar 2018
  • views: 18
videos
#Banaskantha પાલનપુર કલેકટર કચેરીએ આત્મવિલોપન ની ચીમકીઓ ને લઈ ચુસ્ત પોલીસ પાલનપુર કલેકટરશ્રીની કચેરીએ આત્મવિલોપનની અરજીઓ લઈને ચુસ્ત પોલીસ બંદોવસ્ત ગોઠવાયો. ચીમકીઓ ને લઈ પોલીસ ગોઠવાઈ.. ફાયર ફાઇટર સહિત પોલીસ કર્મીઓ તૈનાત પાટણ આત્મવિલોપન ની ઘટના બાદ ચીમકીઓ નો દોર બનાસકાંઠામાં પણ 4 જેટલી આત્મવિલોપનની ચીમકીઓ ની અરજી.. લોકો ન્યાય માટે અપનાવી રહ્યા છે આત્મવિલોપન નો માર્ગ.. ચીમકીઓ ને પગલે વહીવટી તંત્ર દ્વારા અગમચેતીના પગલાં.. #Banaskantha #subside #Tight security deployed at #Palanpur collector office to prevent #self-immolation bid, #Banaskantha
https://wn.com/Tight_Security_Deployed_At_Palanpur_Collector_Office_To_Prevent_Self_Immolation_Bid,
SECURITY OPERATIVES FOIL SHIITE PROTESTERS BID TO ENTER VILLA...watch & share...!
2:37

SECURITY OPERATIVES FOIL SHIITE PROTESTERS BID TO ENTER VILLA...watch & share...!

  • Order:
  • Duration: 2:37
  • Updated: 05 Apr 2018
  • views: 47
videos
https://wn.com/Security_Operatives_Foil_Shiite_Protesters_Bid_To_Enter_Villa...Watch_Share...
$240,000 Pier no bid security contract.
13:33

$240,000 Pier no bid security contract.

  • Order:
  • Duration: 13:33
  • Updated: 02 Dec 2013
  • views: 84
videos
Does the pier really have to be guarded? Can police drive by it once in a while? Do they check the port and the Mahaffey and so forth? If parking on the approach was allowed wouldn't a parking attendant be watching the pier at least during the day? I would love some input on this please comment. More... The pier approach is basically a road with parking spaces and parking meters. Instead of being open and earning revenue, it will cost $20,000 per month to "secure" and close to cars but open to pedestrians. I am posting this segment, not just for this issue which I think merits more debate but to demonstrate that the http://www.granicus.com/ system of video and agenda used by the city is not sufficient. I am collecting input on how to make a better system. Just a few of my notes follow. My question to you is how can we use online social media to improve citizen monitoring and council member support/detraction. Current problems with Granicus: 1) The downloaded video quality is too low. 2) The online video browser uses windows plug in. 3) There is no easy way to post to social media. 4) The video archive may not be available for days. 5) There is no record in searchable format of the votes. I downloaded the video when available days after the event. Cut out the section and posted here. Votes: (to approve $240,000 for security) Dudley: yes Kornell: no Nurse: No Newton: No Danner: Yes Gerdes: Yes Kennedy: Yes Curran: NA www.ShadowVote.org is a website for Florida voters.
https://wn.com/240,000_Pier_No_Bid_Security_Contract.
2016 02 27 BID Patrol waking up a woman in front of the Starbucks at Sunset and Vine
9:18

2016 02 27 BID Patrol waking up a woman in front of the Starbucks at Sunset and Vine

  • Order:
  • Duration: 9:18
  • Updated: 27 Feb 2016
  • views: 916
videos
This is a video of two BID Patrol officers, Mike Ayala and a man whose name we don't know, telling a woman who's been sleeping on the sidewalk in front of the Starbucks at Sunset and Vine that she'll have to get up and move on. The audio is lousy.
https://wn.com/2016_02_27_Bid_Patrol_Waking_Up_A_Woman_In_Front_Of_The_Starbucks_At_Sunset_And_Vine
Types of security contracts
6:35

Types of security contracts

  • Order:
  • Duration: 6:35
  • Updated: 11 Apr 2017
  • views: 721
videos
Some information on just a few of the types of security contracts you can work in the security industry. Be sure to check me out on Twitter and Facebook at https://twitter.com/TAGGBryce https://www.facebook.com/TAGGBryce/
https://wn.com/Types_Of_Security_Contracts
Bank Guarantee - Performance, Financial, Advance Payment, Bid Bond (Hindi)
16:51

Bank Guarantee - Performance, Financial, Advance Payment, Bid Bond (Hindi)

  • Order:
  • Duration: 16:51
  • Updated: 12 Apr 2018
  • views: 276
videos
What is a Bank Guarantee? Types of Bank Guarantees - Performance Guarantee, Financial Guarantee, Advance Payment Guarantee, Bid Bond or Earnest Money Deposit (EMD), Foreign Bank Guarantee, Deferred Payment Guarantee. Explained in Hindi. Bank Guarantee is different from letter of credit. Although both are non-fund base credit facilities used in trade finance or trading finance, they are different financial instruments. You have to pay bank guarantee charges along with the collateral. Bank Guarantees are also used in Bidding and Tendering Process while submitting bid bonds or EMD.
https://wn.com/Bank_Guarantee_Performance,_Financial,_Advance_Payment,_Bid_Bond_(Hindi)
Security guard foils ATM robbery bid
3:08

Security guard foils ATM robbery bid

  • Order:
  • Duration: 3:08
  • Updated: 18 Feb 2016
  • views: 605
videos
SUBSCRIBE for more updates- News24 English Website-http://news24online.com News24 Hindi Website-http://hindi.news24online.com Youtube: https://www.youtube.com/News24page Security guard foils ATM robbery bid Follow News24 on Social Media: Facebook: https://www.facebook.com/news24channel Twitter: https://twitter.com/news24tvchannel Google+:https://plus.google.com/+News24channel
https://wn.com/Security_Guard_Foils_Atm_Robbery_Bid
Conrad Questions Security contract Bid
9:46

Conrad Questions Security contract Bid

  • Order:
  • Duration: 9:46
  • Updated: 18 Nov 2015
  • views: 67
videos
https://wn.com/Conrad_Questions_Security_Contract_Bid
2015 07 09 Hollywood BID Joint Security Committee meeting part 2
11:38

2015 07 09 Hollywood BID Joint Security Committee meeting part 2

  • Order:
  • Duration: 11:38
  • Updated: 09 Jul 2015
  • views: 30
videos
July 9, 2015 meeting of the Hollywood Entertainment District BID and the Sunset-Vine BID Joint Security Committee at the Salvation Army Youth Center The Way In, 5939 Hollywood Blvd.
https://wn.com/2015_07_09_Hollywood_Bid_Joint_Security_Committee_Meeting_Part_2
Kerry visits Egypt in bid to recalibrate security ties
2:24

Kerry visits Egypt in bid to recalibrate security ties

  • Order:
  • Duration: 2:24
  • Updated: 01 Aug 2015
  • views: 1387
videos
US Secretary of State John Kerry is heading to Cairo for talks with Egyptian leaders. A decades-long security relationship ended two years ago, when the US cut off military aid to protest against the overthrow of President Mohamed Morsi. Al Jazeera's Rosiland Jordan reports from Washington DC. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/
https://wn.com/Kerry_Visits_Egypt_In_Bid_To_Recalibrate_Security_Ties
Was Broadcom's bid for Qualcomm a national security risk?
8:45

Was Broadcom's bid for Qualcomm a national security risk?

  • Order:
  • Duration: 8:45
  • Updated: 13 Mar 2018
  • views: 2741
videos
The Coming Collapse of China’ author Gordon Chang on President Trump's decision to block Broadcom's acquisition of Qualcomm.
https://wn.com/Was_Broadcom's_Bid_For_Qualcomm_A_National_Security_Risk
×