What a supply bond is
A supply bond guarantees a supplier will deliver materials or equipment as the contract says. Public agencies and project owners use them on large supply contracts.
In Kansas
No Kansas statute requires supply bonds. The public works bond law, K.S.A. 60-1111, covers contracts for public improvements, not supply purchases. When used, a supply bond is set by the buyer in the contract.
You need this bond if you're
- A material supplier on a public contract
- An equipment vendor or manufacturer
- A distributor supplying a large private project
What the surety looks at
Your business, credit and the supply contract. Large contracts can need financial statements.