DCM Form 9-B Performance Bond - Alabama

What Is DCM Form 9-B?

This is a legal form that was released by the Alabama Department of Finance, Real Property Management - Division of Construction Management - a government authority operating within Alabama. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a DCM Form 9-B Performance Bond?
A: A DCM Form 9-B Performance Bond is a type of bond required in Alabama for certain construction projects.

Q: What is the purpose of a DCM Form 9-B Performance Bond?
A: The purpose of a DCM Form 9-B Performance Bond is to guarantee that the contractor will complete the project according to the contractual terms and conditions.

Q: Who is required to obtain a DCM Form 9-B Performance Bond?
A: Contractors in Alabama undertaking certain construction projects are required to obtain a DCM Form 9-B Performance Bond.

Q: What happens if a contractor fails to fulfill the terms of a DCM Form 9-B Performance Bond?
A: If a contractor fails to fulfill the terms of a DCM Form 9-B Performance Bond, the bonding company may be responsible for compensating the project owner for any financial loss.

Q: How do I obtain a DCM Form 9-B Performance Bond?
A: To obtain a DCM Form 9-B Performance Bond, contractors in Alabama can contact a surety bond company or an insurance agent specializing in construction bonds.