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Transfer of Performance Bond - West Virginia
Transfer of Performance Bond is a legal document that was released by the West Virginia Department of Environmental Protection - a government authority operating within West Virginia.
FAQ
Q: What is a performance bond?
A: A performance bond is a type of surety bond that guarantees the completion of a construction project according to the terms of a contract.
Q: Can a performance bond be transferred?
A: Yes, in many cases a performance bond can be transferred from one party to another.
Q: How is a performance bond transferred in West Virginia?
A: In West Virginia, the transfer of a performance bond typically requires the consent of the surety company that issued the bond.
Q: Why would someone want to transfer a performance bond?
A: There are various reasons why someone might want to transfer a performance bond, such as a change in project ownership or subcontractor substitution.
Q: Are there any fees associated with transferring a performance bond?
A: The specific fees associated with transferring a performance bond can vary depending on the bond terms and the surety company's policies.
Form Details:
- Released on March 1, 2022;
- The latest edition currently provided by the West Virginia Department of Environmental Protection;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the West Virginia Department of Environmental Protection.
