Georgia law requires counties to obtain bid bonds, performance bonds and payments bonds on certain construction projects. Additionally, many counties require various vendors and contractors to have bonds. Check to make sure that any surety on bid, performance, payment or other bonds is on the U.S. Treasury’s list of approved bond sureties. The Financial Management Service of the Department of Treasury administers the surety bond program for the federal government. Companies listed in the circular are reviewed thoroughly to ensure that financially sound companies are listed. The circular is updated and published every July 1 in the Federal Register.
