Use this screen to maintain the various types of bonds held by subcontractors. Two types of subcontractor bonds already exist in Costpoint: Bid and Performance. You cannot edit or delete them. To enter a new type of bond, use the New Line button on the toolbar. Not all vendors carry, or are required to carry, bonds. Use this screen when you enter a new subcontractor bond type.
To learn more about subcontractor status, please see Special Topic AP-11, "Subcontractors."
If you have a bond type other the system-defined types, enter up to eight characters to define the bond type. This column displays the system-defined bond type IDs.
If you have a bond type other the system-defined types, enter up to 30 characters to define the bond type description; otherwise, this column displays the system-defined bond descriptions.