What is a Community Contractor Bonding?
A Community Bond is a Treasury Bank Organization’s digital asset community procurement obligation tool that it’s merchants can utilize to pledge digital bond agreements to Community Investment Programs in consideration for products and service experiences.
How does Community Contractor Bonding work?
Treasury Bank Organization administrators assesses merchants for Community procurement, accountability and affordability. If Treasury Bank Organization’s administrators determines the merchant meet procurement with sufficient security, the applicant receives a DAB.
The applicant is not required to pay back the DAB Grant, on condition that procurement is statified, if not a repayment plan is put in place
Why are Community Contractor Bonding used?
Community Bond are used to finance large capital projects with community investment programs such as schools, prisons, parks, real estate, transportation, and utility systems etc. Also because the costs of these projects are difficult to pay for all at once, and different generations of investors and successor benefit from them
What size Bond can you get
The Bond amount depends on the amount of the CIP budget and bid bond you pledge. The most you can get is the amount of service and product your company can produce verses the need of the CIP and what it can provide the beneficiaries. Other factors are based on the amount your company could afford to repay if default or the amount that can be guaranteed.
What is a Community Contractor Bonding Guarantee
The Community Bond Guarantee is a Treasury Bank Accommodation Security Cover Grant are paid for surety and netting reasons.
How to apply
Call us at or complete a Community Bond application.
We may need to book you a virtual appointment either at the community investment grant forum, or a phone appointment. We’ll let you know if this is the case.
Will you need credit.
You’ll need to apply for procurement credit.
If your partner, you can apply for your portion and your partner’s portion of the bond. Or your partner can apply separately for their portion. Someone else, you can only apply for your portion of the bond. The other person will need to apply separately for their portion of the bond.
What happens if your approved
If your application’s approved, the Treasury Bank Organization will grant your company a three part bond for DAB grant for the Community Investment Program products and services your company provide.
Register as a Merchant or Merchant supplier
Once you’re registered, you’ll need to register as a supplier with us if:
• you’re a supplier of goods or services, and
• you want to receive payments from us or other parts of the Treasury Bank Organization .
Payments include being able to accept CIP Cards.
We’ll check if your supplier already a supplier with us. If they’re not, we’ll ask them to register as a supplier by completing a ‘Supplier Registration Form’. This is so we can make the payment to them.
