- February 14, 2017
- Posted by: Surety Bond Experts
- Category: DoD Freight Broker Bond, Surety Bond
In one of our previous blogs, we included DoD Freight Broker Bonds among our list of surety bonds. A DoD Freight Broker Bond is a requirement of any business that provides transportation for the Department of Defense.
Since we posted that blog, the DoD has implemented additional regulations. One of these regulations is a performance bond. Here are the top five things you should know.
- The “open enrollment” for a performance bond is January 9, 2017 to February, 28, 2017.
- This new regulations is set by the DoD through the Military Surface Deployment and Distribution Command (otherwise known as the SDDC).
- This affects domestic motor Transportation Service Providers (also known as TSPs)
- TSPs will need to register with the Federal Motor Carrier Safety Administration.
- TSPs will also need to have 3 consecutive years before the Open Season begins.
Since the end of open enrollment is approaching, we urge you to contact us today to ensure you have all the necessary surety bonds to run your business.
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