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What Are Contract Surety Bonds?
 
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In the world of contract surety there are two basic categories – Construction Surety Bonds and Commercial Contract Surety Bonds. Video Transcript: We previously discussed that while Contract Surety Bonds are issued by insurance companies, surety is NOT like the insurance you get for your home, car or business… In the world of contract surety there are two basic categories – Construction and Commercial. In construction contract surety there are a number of bond types that may be needed. Bid bonds, performance bonds and payment bonds are the most prevalent; but, you may sometimes see: warranty bonds, maintenance bonds and subdivision bonds. When an owner, usually a public entity… but not always, decides to put a construction project out to bid, they will provide the outline, plans and specifications for that job to either a specific list of contractors or the general public. The owner (the Obligee) will set a date and time for the bids to be turned in. And here is a tricky fact…. Often a General Contractor (GC) who has been awarded a large contract will put parts of that same contract out to bid to subcontractors who specialize in certain trades. Since the GC is responsible for the entire job, even the parts they don’t perform themselves, the GC will want assurance that their subcontractors will perform the work to the contract specification so the GC will require their subs to get bonded as well. In this instance the GC becomes the Obligee to its subs and the sub-contractors are the principals. Most Obligees require the posting of a “Bid Security” in the form of a cashier’s check or a bid bond. The amount of the bid security is usually 10%, but can range from 5% to 25% or more. The bid bond guarantees that the lowest qualified bidder will sign the contract and provide the required surety bonds. For a Contractor to qualify for these bonds, they must demonstrate to the Surety their experience, expertise, staffing, cash flow, reserves and character to manage, properly perform and accomplish the work. The surety provides the bonds that allow you to get the job; but they do so with the understanding, as discussed in our “What is Surety” video, that their guarantee will never have to be acted upon. The number one rule in surety is that if the surety thinks that a requested contract bond (visual: Bid, Performance, Payment, etc.) might have a claim, then the surety will decline the request…. Period. The Extension of Surety Credit is Based Upon Zero Loss Potential. Sometimes problems occur and jobs run into trouble and claims happen. Sureties understand this and expect the contractor to step up and take care of the problem, as necessary. How a contractor manages the problems says a lot about their character and once a problem is managed and resolved, the experience can even help the contractor going forward since they have shown the ability to do what is necessary to solve the problem. Often a positive result to a job problem provides the surety underwriter with a better comfort level in regards to the character of the contractor, which can help when trying to grow their surety support. Speaking of Surety Underwriters, these are the individuals who analyze the contractors’ information and the contract to determine if the surety can support the contractor and their request. In the past, all contractors were required to provide significant financial information in order to qualify for contract surety support. Over the last decade this has changed… A bit. Today, there are many surety programs that have adjusted their entry level requirements to allow an easier path for contractors to get started in the world of surety bonded contracts. There are a number of “Application Only” programs that only need a completed application and possibly some limited financial information to provide surety bonds for single jobs up to around $500,000 and also support a total multi-job surety bonded program (aggregate) up to around $1 million or more. This is the industry’s effort to reach out and help contractors get some experience in public sector jobs or jobs that require surety bonds. Once a contractor wishes to graduate to bigger works, they will need to bring substantially more financial information to support the larger surety bond program. What is needed????? That we will save for another time. I hope our little video has given you a good insight into contract surety bonding and we look forward to sharing more surety specific information in the future….
Views: 8138 South Coast Surety
What is PERFORMANCE BOND? What does PERFORMANCE BOND mean? PERFORMANCE BOND meaning
 
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What is PERFORMANCE BOND? What does PERFORMANCE BOND mean? PERFORMANCE BOND meaning - PERFORMANCE BOND definition - PERFORMANCE BOND explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of "good faith money", intended to secure a futures contract, commonly known as margin. A job requiring a payment and performance bond will usually require a bid bond, to bid the job. When the job is awarded to the winning bid, a payment and performance bond will then be required as a security to the job completion. For example, a contractor may cause a performance bond to be issued in favor of a client for whom the contractor is constructing a building. If the contractor fails to construct the building according to the specifications laid out by the contract (most often due to the bankruptcy of the contractor), the client is guaranteed compensation for any monetary loss up to the amount of the performance bond. Performance bonds are commonly used in the construction and development of real property, where an owner or investor may require the developer to assure that contractors or project managers procure such bonds in order to guarantee that the value of the work will not be lost in the case of an unfortunate event (such as insolvency of the contractor). In other cases, a performance bond may be requested to be issued in other large contracts besides civil construction projects. Another example of this use is in commodity contracts where the seller is asked to provide a Bond to reassure the buyer that if the commodity being sold is not in fact delivered (for whatever reason) the buyer will at least receive compensation for his lost costs. Performance bonds are generally issued as part of a 'Performance and Payment Bond', where a Payment Bond guarantees that the contractor will pay the labour and material costs they are obliged to. Surety Bond Companies calculate the premium they charge for surety bonds based on three primary criteria: 1) Bond Type 2) Bond Amount 3) the Applicants Risk. Once the bond type, amount, and applicant risk are adequately assessed, a surety bond underwriter is able to assign an appropriate surety bond price. Surety Bond Companies have actuarial information on the lifetime claims history for each bond type. Over time, surety bond underwriters are able to determine that some surety bonds are more risky than others. For example, A California Motor Vehicle Dealer bond has significantly more claims than a straightforward notary bond. If a given surety bond type has paid out a high percentage of claims, then the premium amount paid by applicants will be higher. Surety Bond companies attempt to predict the risk that an applicant represents. Those who are perceived to be a higher risk will pay a higher surety bond premium. Since Surety bond companies are providing a financial guarantee on the future work performance of those who are bonded, they must have a clear picture of the individuals history. In the United States, under the Miller Act of 1932, all Construction Contracts issued by the Federal Government must be backed by Performance and Payment Bonds. States have enacted what is referred to as “Little Miller Act” statutes requiring Performance and Payment bonds on State Funded projects as well. There are over 25,000 types of Surety Bonds in the United States. Each bond has a designated bond amount. Surety Bond companies will determine bond rate based on risk and then charge a surety bond premium in the range 1-15% of the bond amount.
Views: 4861 The Audiopedia
Performance Bank Guarantee | Best Performance Bonds
 
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Performance Bank Guarantee What is a performance bank guarantee? Visit us at https://Swiftbonds.com for all your contract bond needs. Our specialists will help you find the surety bond that best fits your situation. Learn all the ins and outs of bond negotiations at our website. A performance bank guarantee is also called a performance bond. However, unlike a performance bond, the performance bank guarantee does not have to make a claim for any payout to be given. Instead, the payout is given upon demand of the Obligee. Getting a Bank Guarantee Obviously, these are much harder to get than a normal performance bond. Visit us at Swiftbonds.com or call us at (913) 214-8344 and let us help you walk thru the process. Playlist is here: https://www.youtube.com/playlist?list=PLOr1J6ZDX2IbyXw6JLngu3XQVHlso-uub See video 1 here: https://youtu.be/8XdlZnks4Wo ---------------------------------------- CLICK HERE: https://swiftbonds.com/performance-bond/ ---------------------------------------- More Information about performance bank guarantee: Performance bond - Wikipedia https://en.wikipedia.org/wiki/Performance_bond A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a ... ‎Overview · ‎In the United States · ‎History · ‎See also Guarantee - Wikipedia https://en.wikipedia.org/wiki/Guarantee Guarantee is a legal term more comprehensive and of higher import than either warranty or .... When directors guarantee the performance by their company of a contract which is beyond their .... North and South Wales Bank, 6 App. Cas. Demand guarantee - Wikipedia https://en.wikipedia.org/wiki/Demand_guarantee A demand guarantee is a guarantee that must be honoured by the guarantor upon beneficiary's ... When the bank issues the demand guarantee, the beneficiary deals with a party whose financial strength he can ... demand regardless of an existing dispute between the parties on the performance of the underlying contract. What is a performance bank guarantee? How is it different from a letter ... https://www.quora.com/What-is-a-performance-bank-guarantee-How-is-it-different-from-a-letter-of-credit-LC Feb 13, 2014 - A “Letter of Credit” is an obligation taken by the issuing bank to make a payment ... Answer Wiki. 1 Answer. Nikhil Reddy.KV, IIM Lucknow ... Bank Guarantee - Investopedia www.investopedia.com/terms/b/bankguarantee.asp A bank guarantee is a guarantee from a lending institution ensuring the liabilities of a ... *A performance bond serves ---------------------------------------- CLICK HERE: https://swiftbonds.com/ ---------------------------------------- People who watched this video: https://youtu.be/mKevMZd1byk Also searched online for: Searches related to performance bank guarantee performance bank guarantee format financial bank guarantee advance bank guarantee performance guarantee bond performance bank guarantee draft performance guarantee meaning performance bank guarantee wikipedia performance bank guarantee clause ------------------------------------------- FOR MORE DETAILS: https://swiftbonds.com/performance-bond ------------------------------------------- CONNECT WITH US: https://www.facebook.com/swiftbonds https://twitter.com/swiftbonds https://plus.google.com/+SwiftbondsOverlandPark/about http://swiftbonds1.blogspot.com https://www.diigo.com/profile/Swiftbonds http://suretybond1.weebly.com/ ------------------------------------------ Don't forget to check out our YouTube Channel: https://www.youtube.com/channel/UCcBRQemaJLahElJQueyLP_Q and click the link below to subscribe to our channel and get informed when we add new content: https://www.youtube.com/channel/UCcBRQemaJLahElJQueyLP_Q?sub_confirmation=1 -------------------------------------------- #performancebankguaranteeformat #financialbankguarantee #advancebankguarantee #performanceguaranteebond #performancebankguaranteedraft #performanceguaranteemeaning #performancebankguaranteewikipedia #performancebankguaranteeclause #Swiftbonds -------------------------------------------- VISIT OUR SITE: https://swiftbonds.com
Views: 3145 Swiftbonds
What is Bid Bond Guarantee?
 
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Views: 677 CARAJACLASSES
Collateral Warranties Explained
 
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On a construction or engineering project, a collateral warranty is a contract under which an architect, a building contractor or a sub-contractor warrants to a third party (such as a funder) that it has complied with its professional appointment, building contract or sub-contract. Fiona Brennan, Reddy Charlton, explains the detail behind such contractual relationships.
Views: 1953 Reddy Charlton
Silver Shemmings Ash Podcast: Project Security - Collateral Warranties & Bonds, Third Party Rights
 
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Henry Hathaway & Laughlan Steer cover Collateral Warranties, Bonds and PI – what are these, why are they used, issues to be aware of – and discuss security in Construction Contracts, payment and insolvency within the industry and third party rights
The Difference Between A Warranty And An Indemnity
 
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Read the full post here: http://www.carterbond.co.uk Carter Bond Solicitors is a boutique law firm advising clients on non-contentious business and personal legal issues. Visit our website: http://www.carterbond.co.uk Call us today: 0 33 33 44 44 11 Follow us on Twitter: https://twitter.com/carterbondlaw Connect on LinkedIn: http://uk.linkedin.com/in/carterbond The content is not intended to be used as a substitute for specific legal advice or opinions. No recipients of content from this site should act or refrain from acting on the basis of content of the site without seeking appropriate legal advice or other professional counselling.
Accounting for Warranty Expense
 
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This video explains how to accrue warranty expense using the accrual method. It also illustrates how to apply the accrual method with an example, and highlights the differences between the cash basis and accrual basis for warranty accounting. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.EducationUnlocked.org/ To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 33268 Edspira
5/1b Investments in Bonds
 
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Tarek Naiem, CMA https://efhamcma.com/ https://www.facebook.com/groups/342198396261273/ https://www.facebook.com/edupeida Accounting, finance, analysis, management, admin, computer, technology, programs, new ideas and alot more Develop yourself Educational Development
Views: 2603 Efham CMA
How to Determine the Carrying Value of Bonds
 
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This video shows how to calculate the carrying value of a bond throughout the life of the bond. The initial carrying value is the issue price of the bond. This carrying value is then adjusted each period (adjusted upward if the bond was issued at a discount, downward if the bond was issued at a premium). Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 7813 Edspira
How to Amortize a Bond Discount
 
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This video explains how to account for bonds issued at a discount using the effective interest rate method for bond discount amortization. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 115698 Edspira
Plazmatic.com lifetime warranty ripofff
 
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Limited lifetime warranty means shit to these criminals.
Views: 0 Ed Bonds
Convertible Bonds
 
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Take finance courses for free. Add certification to your CV and advance your career. https://bluebookacademy.com
Views: 104 BlueBookAcademy.com
What are construction bonds and what are their roles in the construction process?
 
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Moss & Barnett construction law attorney, Aaron Dean, recently sat down with "Reel Lawyers" to discuss this unique practice area. Transcript: Well, there are four very common forms of bonds. Payment bonds, performance bonds, bid bonds, and warranty bonds. And on public construction projects, payment bonds and performance bonds are required on substantially every federal project, state project, and local project. So the payment bonds are in place for the benefit of subcontractors and suppliers so they can pursue payment remedies if they’re not paid by the general contractor. A performance bond, in contrast, is for the benefit of the public owner. They can pursue a claim against the surety that issued that bond if the contractor defaulted and did not complete their work. On the front end of a project, bid bonds are used on both public jobs and private jobs, but more commonly on public jobs to ensure that if you submit a bid as a contractor and you’re awarded the project, you will sign the contract. And if you don’t, then action can be taken against that bid bond. The least common bond is a warranty bond or a maintenance bond, and it’s a form of security to ensure that the owner can take action against the surety that issued that bond at the end of the project, usually during the warranty period just as an incentive to ensure that the contractor comes back and performs a punch list or warranty work.
Views: 97 Moss & Barnett
BEST PRODUCTS WITH A LIFETIME WARRANTY
 
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🔔 TURN ON NOTIFICATIONS 🔔 BEST PRODUCTS WITH A LIFETIME WARRANTY 🎥 You HAVE to watch our latest video! https://www.youtube.com/playlist?playnext=1&list=UUu9UOdsWTNRopIP-RSWuEDQ 🎥 List of Products with Lifetime Warranty: Gerber Knives: http://amzn.to/2r0oGuc Gerber Hatchet: http://amzn.to/2q3kFrP Craftsman Tools: http://amzn.to/2q63fJ3 Calphalon Pots & Pans (Cookware): http://amzn.to/2q66rEi Le Creuset Dutch Oven & Cookware: http://amzn.to/2q6gSrL Camelbak Water Bottles: http://amzn.to/2qrRT4R Contigo Water Bottles: http://amzn.to/2q69nkh Jansport Backpack: http://amzn.to/2r2AyMX Outdoor Products Backpack: http://amzn.to/2pzLm43 Osprey Daypack: http://amzn.to/2qT6uX6 The North Face: http://amzn.to/2q3gYlP Patagonia: http://amzn.to/2q64UhB Dr. Martin's Shoes: http://amzn.to/2r22ZL1 Eddie Bauer: http://amzn.to/2pkNQaF Tilly Hat:http://amzn.to/2q3h4tH Darn Tough Socks: http://amzn.to/2qTKHyt Rucksack: goruck.com Alite: http://amzn.to/2qrRQ9n Braggs & Tilly: http://amzn.to/2qTmmss TimBuk2: http://amzn.to/2pzvkY9 Buck: http://amzn.to/2r0gXfJ Benchmade: http://amzn.to/2r29xJu Mastercraft: http://amzn.to/2q3qQMg Cutco: http://amzn.to/2q3q55N Koss Headphones: http://amzn.to/2qrFspM Kingston Memory: http://amzn.to/2q6bDYN Vortex Optics: http://amzn.to/2qrQNGk Zippo Lighters: http://amzn.to/2r0cWrN Support us by shopping through Amazon: 🇺🇸 USA: https://www.amazon.com/?tag=lane08-20 🇬🇧 UK: https://www.amazon.co.uk/?tag=lane0e-21 🇩🇪 German: https://partnernet.amazon.de/?tag=lane0ae-21 🇪🇸 Spanish: https://afiliados.amazon.es/?tag=lane0c-21 🇫🇷 French: https://partenaires.amazon.fr/?tag=lane04-21 🇮🇹 Italian: https://programma-affiliazione.amazon.it/?tag=lane09-21 Thanks for watching! Don't forget to give us a THUMBS UP, and click the bell button so that you never miss any of our videos! ✏️Learn more about who we are. Watch our Draw My Life video: https://www.youtube.com/watch?v=N5nf3wrxacs 📹 We post a new video EVERY DAY, so, if you liked this video and want more like this then SUBSCRIBE and COMMENT on what you want to see next! It takes a lot of resources to create all of these videos, and one way that you can help support our channel is by shopping through out Amazon link. You pay the same price, but Amazon gives us a little bit of the money just for sending you there. We really appreciate all of your support: http://amzn.to/2kXgafS SOCIAL LINKS - Pictures, Updates and more about LaneVids: --------------------- LANE 🎥Lane’s YouTube Channel // http://youtube.com/LaneVids 🐦Twitter // twitter.com/LaneVids 📷Instagram // instagram.com/LaneVids 👍Facebook // facebook.com/LaneVids 👻Snapchat // snapchat.com/add/thefunnyrats KRISTA 🐦Twitter // twitter.com/mrsfofo 📷Instagram // instagram.com/kristafourn 📌Pinterest // pinterest.com/kristafournerat 👥Members Only Facebook Group: facebook.com/groups/2412655535/ We post NEW videos daily, usually around 11:00am CST. Challenge, Epic Road Trips (we love to travel), family vlogs, Food, Science Experiments, and lots of other family fun things to build stronger family bonds. LaneVids is a family of 4: Lane, Krista, Amelia & Jacques. Lane is the dad; Krista is the mom; Amelia is our daughter; and Jacques is our son. We believe that family who travel together and do things together helps to create stronger family bonds to keep families together. We like to do videos of travel, awesome road trips, fun birthday parties, tickling kids, holidays like Easter, Halloween, Christmas and New Years, we love being outside and going to outdoor playground and play areas, we love indoor playgrounds and children's museums and science museums, water parks, roller coasters, theme parks such as Six Flags, Silver Dollar City, and we hope to go to Disney. We love going to state parks, national parks, national monuments, eating at cool restaurants, visiting neat places, playing with water toys, water guns, Thomas the train, Paw Patrol, reading books, going to the beach, swimming pools, languages, playing outside, trying different food and snacks and candy from around the world, and so much more. We also love to talk about money and finance since we became debt-free using the Dave Ramsey Total Money Makeover. Be sure to watch our popular video such as How to Make Homemade Lava Lamp, How to Clean Your Dyson, How to Make Slime, Kids Science Experiments and How to Make Homemade Playdough. PRODUCTS WE LIKE ---------------------- Nikon S9900: http://amzn.to/28MumV9 GoPro Hero4 Session: http://amzn.to/1nSgfiR Macbook Pro: http://amzn.to/1SMXDgY TubeBuddy: http://TubeBuddy.com/LaneVids (AMAZING YouTube Plugin) FTC Disclaimer: This video is not sponsored. Links may be affiliate links. This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission.
Views: 3109 Lane Fournerat
Types of Bonds
 
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This video discusses the various types of bonds issued by firms and other organizations. It provides examples and explains the meaning of various bond characteristics, such as call features, convertibility, securitization, etc. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 77524 Edspira
Example: Warranty Expense/Liability, Accrual/Cash Basis |Intermediate Accounting|CPA Exam FAR|Chp 13
 
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Guarantee and Warranty Costs A warranty (product guarantee) is a promise made by a seller to a buyer to make good on a deficiency of quantity, quality, or performance in a product. Manufacturers commonly use it as a sales promotion technique. Automakers, for instance, “hyped” their sales by extending their new-car warranty to seven years or 100,000 miles. For a specified period of time following the date of sale to the consumer, the manufacturer may promise to bear all or part of the cost of replacing defective parts, to perform any necessary repairs or servicing without charge, to refund the purchase price, or even to “double your money back.” Warranties and guarantees entail future costs. These additional costs, sometimes called “after costs” or “post-sale costs,” frequently are significant. Although the future cost is indefinite as to amount, due date, and even customer, the company has a performance obligation for which a liability should be recognized. The estimated amount of the liability includes all the costs that the company will incur after sale and delivery and that are incident to the correction of defects or deficiencies required under the warranty provisions. Warranty costs are a classic example of a loss contingency. Companies often provide one of two types of warranties to customers: 1.Warranty that the product meets agreed-upon specifications in the contract at the time the product is sold. This type of warranty is included in the sales price of a company's product and is often referred to as an assurance-type warranty. 2.Warranty that provides an additional service beyond the assurance-type warranty. This warranty is not included in the sales price of the product and is referred to as a service-type warranty. As a result, it is recorded as a separate performance obligation. Assurance-Type Warranty. Companies do not record a separate performance obligation for assurance-type warranties. This type of warranty is nothing more than a quality guarantee that the good or service is free from defects at the point of sale. These types of obligations should be expensed in the period the goods are provided or services performed. In addition, the company should record a warranty liability. The estimated amount of the liability includes all the costs that the company will incur in the future due to the correction of defects or deficiencies required under the warranty provisions. Illustration 13.15 provides an example of an assurance-type warranty. ASSURANCE-TYPE WARRANTY ILLUSTRATION 13.15 Accounting for an Assurance-Type Warranty Service-Type Warranty. A warranty is sometimes sold separately from the product. For example, when you purchase a television, you are entitled to an assurance-type warranty. You also will undoubtedly be offered an extended warranty on the product at an additional cost, referred to as a service-type warranty. In most cases, service-type warranties provide the customer a service beyond fixing defects that existed at the time of sale. Companies record a service-type warranty as a separate performance obligation. For example, in the case of the television, the seller recognizes the sale of the television with the assurance-type warranty separately from the sale of the service-type warranty. The sale of the service-type warranty is usually recorded in an Unearned Warranty Revenue account. Companies then recognize revenue on a straight-line basis over the period the service-type warranty is in effect. Companies only defer and amortize costs that vary with and are directly related to the sale of the contracts (mainly commissions). Companies expense employees' salaries and wages, advertising, and general and administrative expenses because these costs occur even if the company did not sell the service-type warranty.
Accounting - Warranty Expense and Liability - Severson
 
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See the below link for more resources, including as a list of all of my videos, practice exercises, Excel templates, and study notes. https://www.dropbox.com/s/09hdhag3zieyt08/Severson%20YouTube%20Videos.xlsx?dl=0 This video discusses the proper accounting for warranty expense and liabilities, including discussions of the required journal entries and T accounts. It also covers the determination of the estimation.
Views: 4029 Christopher Severson
What is a Warranty Surety Bond ?
 
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Contractors typically hold Warranty Bonds to state trustworthiness with their clients. A Warranty Bond is a type of Surety Bond that shows clients that they are protected should the work done on their property be subpar, unethical, or dangerous. Need a Warranty Surety Bond? Visit http://bit.ly/16IyuYs
Views: 262 OXBonding
Bonds Software | Lien Software | Surety & Performance Bonds
 
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http://www.contract-software.biz/index.php/bond-software-bond-management-software Bond Software for surety bonds, warranty bonds, performance bonds, bond liens, project bonds, warranty bonds, bid bonds. Secure online bond software and document tracking. Bond tracking systems may issue bond documents from a secure, web-based bond management screen with branded bond-templates, letterhead, and email templates. If issuing bonds that include multiple parties, such as contractors, sureties, owners, and insurance adjusters, Bond management has bond renewal reminders built-in that run at intervals set by the bond software administrator.
What do the bonds know that Stocks don't
 
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What do the bonds know that Stocks don't Be a Life Genius Enjoy freedom! Visit - https://www.tradegenius.co Trade like a Genius with the most reliable Stock Market Trading Signal on the web! Sign Up Today https://www.TradeGenius.co Twitter.com/Thetradegenius Instagram.com/Thetradegenius Disclaimer The information received by subscribers is for their personal use. Investing involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. Nothing contained herein should be construed as a warranty of investment results. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. It is possible that Trade Genius, may have a position in stocks or funds discussed within this site or in correspondence sent to subscribers. All information provided or contained in this Web site is the property of Trade Genius, and should not be reproduced, copied, redistributed, transferred, or sold without the prior written consent of Investment Models, Inc. All rights reserved.
Views: 353 Trade Genius
Efic Bonds
 
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It is common for a buyer to require you, as their supplier, to provide bonds (or guarantees) as part of a contract. Bonding is also often a prerequisite for Australian subcontractors providing goods or services to domestic export-related contracts. We may be able to help when your bank is unable to provide a bond or requires security that you are unable to provide. We can either issue bonds directly or provide a guarantee to a bank issuing a bond. The types of bonds Efic can provide are: Advance payment bonds that provide your buyer with security for their advance payment under an export contract Performance bonds that give the buyer of your product or service assurance that if you don’t meet your obligations under a contract the buyer can call on the bond to reduce its losses Warranty bonds that protect your buyer from loss if you don’t meet your contractual warranty obligations after the contract is completed US Surety bonds that allow you to meet your US bonding requirements and compete more effectively by supplying a surety bond from our registered US surety bond issuer, Liberty Mutual Insurance.
Views: 54 Efic
Bank Guarantee
 
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https://www.carajaclasses.com Did you liked this video lecture? Then please check out the complete course related to this lecture, Banking Credit Analysis Process with 240+ Lectures, 17+ hours content available at discounted price (10% off)with life time validity and certificate of completion. Enrollment Link For Students Outside India: https://bit.ly/2wcpBMk Enrollment Link For Students From India: https://www.instamojo.com/caraja/banking-credit-analysis-process/?discount=inybcap68 Our website link : https://www.carajaclasses.com ---------------------------------------------------------------------------------------------------------------- BEST FOR CREDIT ANALYSIS THIS IS BEST LECTURE EXPLAINED IN SIMPLE METHOD WITH EXAMPLES FOR CREDIT PROFESSIONAL.Also it would def help on the job purpose as well.Would def recommend ------------------------------------------------------------------------------------------------------------------ Credit Analysis is the core process adopted by any Bank to understand, evaluate and appreciate about the Customers Identity, Integrity, Financial Position, - Repayment Capacity, Etc. Every Banker should be through with Credit Analysis Process because day in day out they have to deal with new customers and before sanctioning any new loans to them, Banker should have made detailed study of their customers. No Banker can raise to top unless he becomes conversant with Credit Analysis Process. Bank would generally throw employees on to the job before they get opportunity to be trained. This is with more specific reference to Credit Analysis where Bankers should under detailed learning process, else their mistakes in the process will be Very Costly beyond their manageable Position. Hence, this course will provide platform to Bankers to have fall back reference on the Critical Aspects of Credit Analysis Process, Banking/ Management Consultants can also use this course for the equipping themselves to the expectations of the Bankers while handling Credit Proposals. This Course has been Structured in self paced Learning Style. Learners can Learn Credit Analysis process at their own time, Convenience and place. Materials used in this Course will enable the participants to understand credit Analysis Process with almost Clarity. • Category: Business What's in the Course? 1. Over 171 lectures and 11 hours of content! 2. By taking this Course you will Understand, What is Credit Analysis 3. By taking this Course you will Understand, What is Working Capital Cycle 4. By taking this Course you will Understand, What is Project Financing 5. By taking this Course you will Understand, Detailed Process of Credit Analysis Course Requirements: 1. No prior knowledge is required for taking this course. 2. Students need PC / Laptop / Tab / Mobile (supporting Android / iOS) to view this course Who Should Attend? 1. Bankers 2. Consultants(Management/Banking/Finance) 3. Finance Managers 4. Entrepreneurs looking for Raising Funds 5. Department Heads 6. Chartered Accountants
Views: 35042 CARAJACLASSES
Features of Marine Insurance Contract
 
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FEATURES OF MARINE INSURANCE CONTRACT Feature of general insurance contract Insurable interest Utmost good faith Indemnity Subrogation Warranties (section 35 of Marine insurance act) Express – written on the face of the policy + imposed some obligation. Implied – not expressly written but implied by nature (three important warranties are as follows) Sea worthiness of the ship Legality of the venture others 1. Sea worthiness of ship – it is an important warranty that the vessel or ship should be in sea worthiness condition at the commencement of the voyage. A ship is in a condition of sea worthiness if it is: i. suitable constructed ii. Adequately equipped iii. Well repaired iv. Properly managed v. sufficiently fuelled vi. Capable of withstanding the ordinary strain of and stresses of the voyage 2. Legality of venture – (Section 42 of marine insurance act)voyage and adventure must be lawful and not illegal. 3. Other warranties – 1. no change in voyage 2. no delay in voyage 3. non deviation 4. no implied warranty of nationality 5. warranty of goods safety 7. Proximate cause 8. Assignment 9. Premium and return of premium in marine insurance 10. Non-deviation of voyage deviation is allowed in certain conditions such as: when it is beyond the control of master or the crew. if allowed under warranty done for the safety of ship, cargo or human life Barratry – unlawful or fraudulent acts by the crew of the vessel.
Views: 9008 aucommerce Scholar
Southlake Title & Closing Services | Escrow | Home Warranty | Bonds Insurance |  Dallas, Ft  Worth
 
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Stewart Information Services Corp. (NYSE-STC) is a technology-driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related services and delivers state-of-the-art real estate information services, software and solutions to its clients and shareholder value to its investors. Stewart is committed to growth, focusing on commercial services, agency acquisitions and international markets. • Established in 1893 • Headquartered in Houston, Texas • More than 8,500 title insurance policy-issuing offices and agencies located throughout the United States and international markets • Does business in more than 80 foreign countries -- spanning Asia, the Americas, Europe and Africa -- through our network of regional offices in Australia, Canada, the Caribbean, Europe, Latin America and the U.S. Stewart Companies Stewart Information Services Corp. is the parent company of: Stewart Title Guaranty Company, Stewart Title Company, Stewart Lender Services, PropertyInfo® Corporation, Stewart Vacation Ownership, Asset Preservation Inc., Stewart Water Information Stewart Services: Title Insurance, Escrow and Settlement -- Residential, Commercial, International, Relocation, Vacation Ownership Online Transaction Management, Property Profiles, Home Warranty, §1031 Tax-deferred Exchanges, Electronic Mortgage Documents, Specialty Insurance, Relocation Services, Insured Water Rights, Lender Post Production Solutions, Land Record Management Systems, e-Commerce Solutions, Title Agent Technology, National Vendor Management, National Recording Services
Views: 515 TSMMG2011
JCT 2016 Edition Launch Webinar: "JCT 2016 Edition of Contracts" - hosted by Building
 
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JCT's 2016 Edition launch webinar, "JCT 2016 Edition of Contracts" was hosted by Building and broadcast on 23 November 2016. The webinar looks at, What are the main features of the JCT 2016 Edition? This session includes information on: Introduction to the 2016 Edition Building Information Modelling (BIM) The Public Contracts Regulations 2015 Payment Insurance Performance Bonds and Guarantees, Third Party Rights and Collateral Warranties Featuring: Victoria Peckett, Partner - Head of Construction, CMS Cameron McKenna LLP; Chair, JCT Drafting Sub-Committee John Riches, Arbitrator and Adjudicator, Henry Cooper Consultants Ltd; Vice-Chair, JCT Drafting Sub-Committee Ben Patton, Partner, Ashurst LLP; Member, JCT Drafting Sub-Committee David Blackman, (Chair) Features writer, Building
Views: 4112 JCTContracts
Example BE 14-1 (Whiteside Co): Compute Issue Price of Bonds | Intermediate Accounting| CPA Exam FAR
 
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Bond valuation, bond pricing, bond interest expense, par value, amortization, straight line method, effective interest rate method, bond discount, bond premium, carrying value of bond, premium, discount, bond issue between interest dates, CPA EXAM bond retirement, extinguishment of debt, debt extinguished, gain on bond retirement, loss on bond retirement, Bond valuation, bond pricing, bond interest expense, par value, amortization, straight line method
Steve Madden Bonds SKU: 9028927
 
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Catapult your style with this polished Bonds bag, simply beautiful. Made of polyurethane with quilted detail. Flap with magnetic snap closure. Chained crossbody strap. Exterior back slip pocket. Flat bottom. Lining made of polyester. Interior back-wall zip pocket. Two interior slip pockets. Imported. Measurements: Bottom Width: 12 in Depth: 3 in Height: 7 1⁄2 in Strap Length: 26 in Strap Drop: 11 1⁄2 in Weight: 1 lb 9.5 oz This product may have a manufacturer's warranty. Please visit the manufacturer's website or contact us at [email protected] for full manufacturer warranty details. Check out these new styles and more from Zappos.com! http://zps.to/ShopZappos Subscribe & see more! http://zps.to/SubscribeShopZappos Connect with Zappos: Check out our other channel! https://www.youtube.com/ZapposGear Follow Zappos on Twitter & Instagram! @zappos Pin with us! https://www.pinterest.com/zappos Be our friend on Facebook! https://www.facebook.com/zappos Go Beyond the Box! https://www.zappos.com/blogs
Views: 263 Shop Zappos
Current Liabilities Accounting (Warranty Accounting, Extended Warranty, Expense & Sales Method)
 
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Accounting for warranty expenses and revenues for extended warranties, comapring accrual methods, expense warranty approach to the sales warranty approach, Warranty (Product Guarantee) Two basic methods: 1-Cash-Basis Method: Charge warranty costs to the period in which it complies with the warranty and 2-Accrual-Basis Method: Charge warranty costs to operating expense in the year of the sale, two different methods, a. Expense Warranty Approach: Warranty is included in the product cost and b. Sales Warranty Approach: Warranty is sold separately from the product cost, defer revenue on sale of warranty, detailed accounting by Allen Mursau
Views: 8664 Allen Mursau
Basic Home Insurance Information 13
 
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basic Home insurance information Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Home insurance
Basic Home Insurance Information 7
 
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Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Md Abdul Alim
Bonds Issued at par | Bonds Issued at Discount | Bonds issued at Premium | CH 12 part 2
 
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This video discusses bonds issued at par, bonds issued at discount, bonds issued at premium, bond indenture, convertible bonds, registered bonds and revenues bonds. https://www.youtube.com/playlist?list=PLxP0KZzCGFYMjXTjtmIN05ovj73dc-cW3 My website: https://farhatlectures.com/ Facebook page: https://www.facebook.com/accountinglectures LinkedIn: https://goo.gl/Pp2ter Twitter: https://twitter.com/farhatlectures Email Contact: [email protected]
Basic Home Insurance Information 17
 
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basic Home insurance information Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Home insurance
Basic Home Insurance Information 15
 
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basic Home insurance information Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Home insurance
Basic Home Insurance Information 14
 
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Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Md Abdul Alim
Basic Home Insurance Information 15
 
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Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Md Abdul Alim
Basic Home Insurance Information 16
 
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Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Md Abdul Alim
Basic Home Insurance Information 20
 
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basic Home insurance information Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Home insurance
Basic Home Insurance Information 18
 
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Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Md Abdul Alim
Basic Home Insurance Information 22
 
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Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Md Abdul Alim
Michigan Surety Bond: Understanding Maintenance Bonds
 
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Maintenance Bonds, also known as Warranty Bonds, are a type of surety bond accessible to Michigan contractor that protects completed construction project for a specified time period against complications that could arise later if the project was done incorrectly. These bonds guarantee that the contractor will solve all maintenance issues during a specified amount of time after completion of a project. Traditionally this length of time is roughly a year after, however can widely vary based on specific contract stipulations. In the event that the contractor is unable to provide a solution or that the contractor has gone out of business, a Maintenance Bond will help ensure the project owner is compensated for any faults in materials, workmanship and design or other defects. When requesting a Michigan Maintenance Bond, there are a few essential pieces of information needed by the surety provider. Bonders will typically request: - A Bond Request form which is designed to provide the bonding company with a basic overview of the current bond being requested. You will also need to provide a history of previous bond information for the project if you are switching bonding companies, or working with a new surety service. - A copy of the complete contract. The contract will help the bonding company verify that a Michigan Maintenance Bond is actually required for the project. The sum of the maintenance bond along with the duration of the maintenance period and scope of works covered will also be established within the contract and are essential information for the surety company. - You may also be asked to provide information regarding how the contract was awarded. If the contract was received as part of a bid process, the surety provider will inquire as to what security was used to bid the project as well as what the bid results for the project originally were. - That you provide a list of alternate companies that can provide the same or comparable services as assurance the bonder that another entity to cover the maintenance can be found should you default or be unable to complete the required maintenance. At Capital Insurance we specialize in Michigan Surety Bond services. Our extensive experience and relationships with large, well respected bonding companies we are able to provide Michigan contractors the best surety bonds at highly competitive rates. Whether you are a small independent contractor or a large construction operation we can help you with all of your Michigan Surety Bond needs. Give us a call today at 888 296 0418 for more information. http://www.capitalinsuranceagent.com/2014/07/10/michigan_surety_bond_understanding_maintenance_bonds/
Basic Home Insurance Information 21
 
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Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Md Abdul Alim
Basic Home Insurance Information 17
 
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Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Md Abdul Alim
Basic Home Insurance Information 25
 
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Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Md Abdul Alim
Difference Between Warranty and Guarantee ? Urdu / Hindi
 
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This Video Give The Basic Concept of Difference Between Warranty and Guarantee (Urdu / Hindi) ? ZPZ Education Channel Link: www.youtube.com/channel/UCwFzeQDf9cGm_ZeTXV_t5SA
Views: 411 ZPZ Education
Basic Home Insurance Information 24
 
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basic Home insurance information Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Home insurance
Basic Home Insurance Information 26
 
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basic Home insurance information Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Home insurance
Basic Home Insurance Information 24
 
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Builder Insurance Overview Video -. Workers Compensation General Liability Business Auto Excess Liability Umbrella Insurance Builders Risk Property Coverage (building, contents, equipment, crime) License and Permit Bonds Performance Bonds Home Owners Warranty
Views: 0 Md Abdul Alim