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Form 112 Performance Bond - Montana
What Is Form 112?
This is a legal form that was released by the Montana Department of Administration - a government authority operating within Montana. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form 112 Performance Bond?
A: Form 112 Performance Bond is a document required in Montana for certain construction projects.
Q: What is the purpose of Form 112 Performance Bond?
A: The purpose of Form 112 Performance Bond is to provide financial protection to the project owner in case the contractor fails to fulfill their obligations.
Q: Who is responsible for obtaining Form 112 Performance Bond?
A: It is the responsibility of the contractor to obtain Form 112 Performance Bond.
Q: What information is typically included in Form 112 Performance Bond?
A: Form 112 Performance Bond includes information about the project, the contractor, and the surety company providing the bond.
Q: Are there any specific requirements for the surety company providing the bond?
A: Yes, the surety company must be authorized to do business in Montana and have a valid certification of authority.
Q: What happens if the contractor fails to fulfill their obligations?
A: If the contractor fails to fulfill their obligations, the project owner can make a claim on the performance bond to recover financial losses.
Q: Is Form 112 Performance Bond required for all construction projects in Montana?
A: No, Form 112 Performance Bond is typically required for construction projects with a contract value exceeding a certain threshold.
Q: Is Form 112 Performance Bond specific to Montana?
A: Yes, Form 112 Performance Bond is specific to Montana and may have different requirements in other states.
Form Details:
- Released on June 1, 2018;
- The latest edition provided by the Montana Department of Administration;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 112 by clicking the link below or browse more documents and templates provided by the Montana Department of Administration.
