Surety bond Guarantee Letter
September 25, 2050
Dear John Doe,
We at [Your Company Name]. are pleased to issue this Surety Bond Guarantee Letter to affirm our commitment to act as the surety for the principal, BrightBuild Construction Ltd., in relation to the Green Valley Construction Project. This surety bond guarantees that the Principal will fulfill their bonded obligations as stipulated in the contract/agreement.
The Surety Bond is issued as per the following details:
Principal: BrightBuild Construction Ltd.
Obligee: Green Valley Municipal Council
Bond Amount: $2,000,000
Effective Date: January 1, 2050
Expiry Date: December 31, 2050
This Surety Bond is subject to the terms and conditions outlined in the associated surety agreement, and any claims against this bond must be filed in accordance with the said terms and conditions.
In the event of a default by the Principal, [Your Company Name]. will assume liability and discharge the obligations, subject to the maximum limit of the bond amount. This guarantee remains valid until the expiration date specified or any subsequent extension mutually agreed upon in writing.
We trust this guarantee meets your requirements. Should you need any further information or clarification, please do not hesitate to contact us.
Sincerely,
[Your Name]
Director, Surety Services
[Your Company Name]
[Your Email]
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