What must a contractor do if they wish to cancel their bond?

The correct procedure for canceling a bond as a contractor is to give certified mail notice. This action ensures that the notification is documented and received in a secure manner, providing proof that the request has been formally communicated. Certified mail offers a layer of accountability and ensures that the bond company acknowledges the request.

While there may be other requirements or notifications necessary in a broader context, the key action here is the certified mail notice to the bonding company. This step helps protect both the contractor and any stakeholders by ensuring that all parties are officially informed of the change in bonding status.