With most public contractors, surety bonding is a most important and sensitive subject. We would like to offer an opportunity with Contract Surety Agency to enhance your bonding.
The following information will allow us to provide a review of your account.
Contractors Questionnaire – Represents an outline of the contractor’s operation. Please be as specific as possible.
Corporate Financial Statements – Three years of Corporate financial statements prepared by a CPA with an acknowledging cover letter.
Job & Trade Supplier List – Presents information regarding the contractor’s experience.
Work In Progress – This form will ask for the status of projects currently underway and details of recently completed contracts.
Personal Financial Statement – All stockholders must provide a detailed personal statement for the current year.
Bank Reference Letter – A letter from the contractor’s bank stating when the account was opened, average cash balance, and current borrowing capacity.
Resumes – Required for all “Key” personnel.
Upon the completion of a favorable underwriting review the execution of the General Indemnity Agreement will be required. This legal document provides the surety with guarantees from all owners & spouses, as well as affiliated and subsidiary businesses. There are some good reasons you should work with us. Perhaps we can help…
Increase your current bond program, or offer a better rate
Approach the surety market for a “second opinion” on a job you want to bid
Secure a “back-up” surety who will stand ready to “step in” should the need arise
Perhaps you have heard of our agency or done business with us in the past. Consider…
That we have been in the surety industry for 40 years
That we have provided bonding on single projects ranging up to $400,000,000
That we have arranged a 2 billion dollar line of credit for a client
