Lead Remediation Contract Bond
What is a Lead Remediation Contract Bond?
A Lead Remediation Contract Bond is a type of Specialty Contractor bond that ensures that lead remediation contractors comply with contract terms, federal, state, and local regulations, protecting clients from any damages or improper execution of the lead remediation project.
Protects clients from financial loss due to the misconduct or negligence of lead remediation contractors, ensuring the proper completion of lead remediation projects.
Required by government agencies or private clients to ensure responsible management and compliance with contract terms and regulations by lead remediation contractors.
Applicant’s personal or business information, credit history, bond amount (determined by the contract requirements), and lead remediation contract details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
