If you are an out-of-state contractor who is contracted for a single project in the State of Iowa, you are required by the Division of Labor to execute an Iowa Out-of-State Contractor Project Bond to ensure compliance with Iowa Code Chapter 91C (2009) of the State of Iowa.
Bonds Express offers an Iowa Out-of-State Contractor Project 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 Iowa Out-of-State Contractor Project Bond holds you accountable for your business decisions.
By possessing an Iowa Out-of-State Contractor Project Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.