Bid & Performance Bond
6. Real estate should be described fully, stating the kind of
improvements, whether farm land, subdivision, city
lots, buildings, dwellings. If the property producers an
income, amount should be stated. Often the contractor ownes
property jointly with a spouse or has real estate in the spouses
name. If incorporated, corporate asset, such conditions dictate
indemnity of spouses needed.
7. List all of the larger pieces of the contractors equipment. Give
type, model, & capacity of each piece. Advise cost, date of
purchase, present value. If the contractor rents special
equipment, ascertain from whom he will rent, per deim of
equipment.
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