Bonding Questionnaire – BizJourney

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Bonding Questionnaire

Module 1: What is Bonding What is Bonding Questionnaire Bonding Questionnaire

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Question 1 of 4

1. Question
What is a Surety Bond?
- An instrument under which one party guarantee to another that a third party will perform a contract
- An instrument under which both parties guarantee to another that a third party will perform a contract
- Both A & B
- None of the Above
Question 2 of 4

2. Question
What is an RFP (Request for Proposal)?
- A document that solicits proposal, often made through a bidding process, by an agency or company interested in procurement of a commodity, service or valuable asset.
- A document that does not solicit proposal, often made through a non-bidding process, by an agency or company interested in procurement of a commodity, service or valuable asset.
- A document that is required to sell your business
- None of the Above
Question 3 of 4

3. Question
What is a Capabllity Statement?
- A capability statement outlines what you can offer potential clients and provides the essential detail to help them decide whether to do business with you
- A capability statement outlines what you can not offer potential clients and provides the essential detail to help them decide whether to do business with you
- A capability statement measures your capability
- None of the Above
Question 4 of 4

4. Question
What is one of the benefits of being “bonded”?
- Bond offers contractors the option to set up separate lines of credit with surety or insurance companies, which can protect their lines of credit with banks
- Bond offers opportunity to set up strategic partnerships
- Bond offers opportunity to set up lines of credit
- None of the Above

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