toscottm
ArboristSite Member
Hi All,
I'm interested to hear from those who get involved in work that requires a form of 'guarantee'.
What is the typical form of acceptable guarantee (surety bond, certified cheque held, letter of credit, etc.)?
If the guarantee is self-funded (i.e. certified cheque or letter of credit), what form of assets are used to support this (cash on hand from operating account, line of credit secured by cash in operating account, pledge of personal assets, equity in corporately funded life insurance policy, etc.)?
Any thoughts and input would be greatly appreciated.
Thanks!
Scott
I'm interested to hear from those who get involved in work that requires a form of 'guarantee'.
What is the typical form of acceptable guarantee (surety bond, certified cheque held, letter of credit, etc.)?
If the guarantee is self-funded (i.e. certified cheque or letter of credit), what form of assets are used to support this (cash on hand from operating account, line of credit secured by cash in operating account, pledge of personal assets, equity in corporately funded life insurance policy, etc.)?
Any thoughts and input would be greatly appreciated.
Thanks!
Scott