Why does the U.S. Government care so much about Surety Bonds?

June 6, 2009

Whether it be local, state, or federal government, it seems as if they all are extremely interested in the surety bond industry. The bottom line is that government entities require various forms of surety bonds by companies hired to work for them because the government needs to ensure that the money they are paying on behalf of U.S. taxpayers is guaranteed, and not wasted. Because the government is spending money on behalf of U.S. citizens, they are obligated to ensure that companies given government contracts do what they say they


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