Performance Bonds in Carrollwood, Lutz, Seminole Heights, Tampa, Odessa FL and Surrounding Areas
Mynatt Insurance Agency is a longstanding local resource that has been providing performance bonds in Tampa, Florida for decades. Our company was founded all the way back in the 1920s, and it has been under the same local ownership for twenty years and counting. When you partner with a company that is this firmly established within the community, you know that we will be here to help whenever you need us for any reason.
A performance bond if a type of surety bond that is sometimes called a contract bond. These bonds exist to ensure that contractors complete their assignments in accordance with the terms of the contract with regard to the completion date and costs. If one contractor doesn’t fulfill its obligation when a large scale project is underway, the financial damages can snowball while the project is on hold. To address this risk, the Miller Act was signed into law in 1935. It compels contractors to obtain performance bonds whenever they enter into government projects that involve payments exceeding $100,000.
These bonds are required by law under the circumstances described above. However, they are also part of the bidding process when privately funded construction projects are underway. We often work with contractors that have a thorough understanding of performance bonds, and we can get you the coverage you need at the lowest possible price point. However, if you have any questions about performance bonds as a contractor that is newly entering into this process, we would be more than glad to explain all of the details to you.
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As a local agency in our own right, we feel a close connection to members of the business community in Carrollwood, Lutz, Seminole Heights, Odessa, and other surrounding communities in the Tampa area. We provide courteous, sincere, and friendly service every step of the way, and we don’t disappear after you purchase your bonds through our agency. As we have stated, we have been a local fixture here forever, so you will always know where to find us.
If are ready to get started, you can reach one of our performance bond specialists right now if you call us at 813-932-551, and our toll-free number is 866-852-9470. You also have the option of sending us a message through our contact page if you would prefer to reach out electronically.