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