Advancements in software and technology are astounding. It’s important companies continue to shape the future through innovation and have the resources in place to let creativity usher in change. Obtaining the necessary software and technology bonds to allow a company to advance is something Goldleaf Surety is ready to assist you with.
What are Technology and Software Bonds?
Technology & Software Bonds are required, similar to Contract Bonds, when an individual or company has a contractual obligation to perform work or provide services to another entity, in relation to software and technology projects. The bond guarantees that the individual or company will fulfill the terms of the contract.
Unlike Contract Bonds, Technology & Software Bonds are relatively new within the surety industry and often software and technology companies are told that surety companies do not write bonds for this type of work. The underwriting considerations are quite different for these industries and there are fewer surety markets. However, Goldleaf has the expertise to help software and technology firms get the bonds they need to bid on and perform contracts.
Bid Bonds for Software & Technology Bonds benefit from Goldleaf Surety’s team being involved early on in the process. The sooner Goldleaf can become involved in RFP review and discussions about the terms and conditions of any proposals for bonded work, the better we will be able to ensure that the public agencies adopt reasonable requirements for the bonds.
Whether this is your first Technology and Software Bond or you’ve been through this process multiple times, Goldleaf will take a personal interest in getting you the bond you need. Our clients have shared that we’ve “been able to get a bond (for them) even through some tough financial times,” as well as help them to “successfully bid on larger projects.” Contact Goldleaf with any questions you may have or start with our online Bond Kit.