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