The California Public Utilities Commission requires all Non-Dominant Interexchange Carriers (NDIEC) execute a California Public Utilities Commission NDIEC Telecommunications Performance Bond to ensure compliance with California Public Utilities Code 1013. All NDIEC companies are required to execute a bond in the amount of $25,000 or 10% of revenues, whichever is greater be in compliance with this statute.
Bonds Express offers a California Public Utilities Commission NDIEC Telecommunications Performance Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The California Public Utilities Commission NDIEC Telecommunications Performance Bond holds you accountable for your business decisions.
By possessing a California Public Utilities Commission NDIEC Telecommunications Performance Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.