The Bond Release Request Letter is a critical document used in the United States construction and contracting industry when a project has been completed and the contractor seeks to release the bond security. This document is typically prepared when all contractual obligations have been fulfilled, inspections have been passed, and any required lien waivers have been obtained. The letter must comply with both federal regulations (such as the Miller Act) and state-specific construction laws. It includes essential information such as the bond number, project details, completion status, and may require supporting documentation such as completion certificates and inspection reports.
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1. Sender's Information: Complete contact details of the party requesting the bond release
2. Recipient's Information: Complete contact details of the surety company or bond holder
3. Bond Reference Information: Bond number, project details, and original bond amount
4. Project Completion Statement: Declaration that all work has been completed according to contract specifications
5. Release Request: Formal request for bond release with specific amount
1. Payment History: Summary of payments made, used when partial releases are requested
2. Compliance Certifications: Statements confirming compliance with specific requirements, used for public projects
3. Lien Waivers: Reference to attached lien waivers, used when required by contract
1. Project Completion Certificate: Official documentation confirming project completion
2. Final Inspection Reports: Reports confirming work meets specifications
3. Lien Waivers: Signed waivers from subcontractors and suppliers
4. Payment Documentation: Proof of payments made under the contract
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