Ferrara|Buist announced today that the company is now fully bonded for commercial general contracting work in commercial construction, retail construction, building office upfits, and any type of commercial project.
“As Ferrara|Buist continues to grow into new and larger vertical markets, property owners require the use and protection of a construction bond,” said David Buist, Ferrara|Buist managing partner. “We are happy to provide construction bonding to our property owners as one more commitment to guarantee that all of our projects will be completed as expected.”
Bonding offers a number of benefits to property owners, who often face enormous financial risks. Ferrara|Buist was thoroughly investigated before we were issued a bond. By requiring bonds, the property owner is getting a guarantee that the company is financially qualified to take on the project and has a solid performance history. Jobs that are bonded are much more likely to be completed without incident because of the huge financial and legal penalties contractors face for failing to perform.
Ferrara|Buist‘ commercial general contracting bond covers Bidding, Payment and Performance guarantees. Bid bonds
are issued during the bidding process. They constitute a guarantee that a company will sign a contract for their specified bid price if they are the low bidder. Performance bonds ensure that the contractor will complete the job according to the contract. If they fail to perform, the performance bond guarantees that no money will be lost in bringing in another contractor to complete the work. Payment bonds guarantee that all suppliers and subcontractors will be paid for work performed.
Ferrara|Buist designs and builds commercial building projects for many different types of companies, property owners, and entrepreneurs. To schedule a private business meeting with managing partner David Buist, please call 803-792-4348 or email david@ferrara-buist.com. We look forward to helping build your business from the ground up!
