Payment Bond Investigation Service
a. MLBS will obtain an A.M. Best rating on the surety and will provide our recommendation.
b. MLBS will review your job sheet, MLBS service request form, and physical bond to match the Obligee and Principal to your project. MLBS will make note of special issues such as lack of signatures (execution) which may or may not affect your rights.
c. MLBS will confirm your tier status based from the information provided against the specific local statute to determine statutory rights.
d. MLBS will charge $60 for this service.
e. The two new "service types" have been added to the On-line Form.
-NACM Produced NTO & Bond Verification
Payment Bond Investigation Service Fee: $60 per project