Form DOA-4188 Performance Bond (100%) - Wisconsin

What Is Form DOA-4188?

This is a legal form that was released by the Wisconsin Department of Administration - a government authority operating within Wisconsin. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a Form DOA-4188 Performance Bond (100%)?
A: Form DOA-4188 Performance Bond (100%) is a type of bond used in Wisconsin to ensure the performance of a contractor on a construction project.

Q: What is the purpose of a Form DOA-4188 Performance Bond (100%)?
A: The purpose of a Form DOA-4188 Performance Bond (100%) is to provide financial security to the project owner in case the contractor fails to complete the project or fulfill their contractual obligations.

Q: Who needs to submit a Form DOA-4188 Performance Bond (100%)?
A: Contractors working on certain construction projects in Wisconsin may be required to submit a Form DOA-4188 Performance Bond (100%). The specific requirements may vary depending on the project and the contracting agency involved.

Q: How much coverage does a Form DOA-4188 Performance Bond (100%) provide?
A: A Form DOA-4188 Performance Bond (100%) provides coverage equal to 100% of the contract price. This means that if the contractor fails to fulfill their obligations, the project owner can make a claim for the full contract amount.

Q: Are there any specific requirements for a Form DOA-4188 Performance Bond (100%)?
A: Yes, there are specific requirements that must be met when submitting a Form DOA-4188 Performance Bond (100%). These requirements may include the use of approved bond forms and compliance with certain bonding standards set by the Wisconsin Department of Administration.

Q: What happens if a contractor fails to fulfill their obligations covered by a Form DOA-4188 Performance Bond (100%)?
A: If a contractor fails to fulfill their obligations covered by a Form DOA-4188 Performance Bond (100%), the project owner can make a claim against the bond. The surety bond provider will then investigate the claim and, if valid, compensate the project owner up to the bond amount.

Q: Can a Form DOA-4188 Performance Bond (100%) be canceled?
A: A Form DOA-4188 Performance Bond (100%) can be canceled, but the cancellation must be done in accordance with the terms and conditions of the bond. It is important to consult the bond provider and review the specific bond terms to understand the cancellation process.