Helping Contractors Secure Jobs Since 1899

You're probably wondering what you will need to do to obtain a bid bond or performance bond.  The checklist below will give you a general idea of what a Surety Company will ask for in order to underwrite you and your business to set up a bond line for you to bid on projects. Generally speaking a small contract bond line up to $500k will be approved on the owners credit report. Larger bonds will require more underwriting, including financial statements from both the owner and business. 

• We've prepared a straightforward questionnaire. Just fill it out, and don't forget to sign! This alone will usually allow a contractor to bid jobs up to $500k. 

For jobs over $750k we will need the following in addition to your application. 

• Share your last two fiscal year-end corporate financial statements.
• Include a current interim statement if the last year-end is over six months old.
• If you have them, CPA-prepared statements are preferred, but we also accept internally generated ones.

• For stockholders owning more than 10%, we'd love to see your current personal financial statements.

• Let us know what projects you have in the pipeline with a current work on hand schedule.

• Simply provide a letter from your bank detailing your line of credit: total amount, present availability, and terms and conditions.

• If you've got them, share your resumes. We want to get to know the faces behind the projects!

• A copy of your current Certificate of Insurance is all we need.

• If you're at the contract stage, share the Construction Contract, Bond Forms, and Bid Results with us.

• If you're bidding for a project, give us a heads up with a Request Form or the Bid Invitation/RFP.

• Anything extra you think will help us understand your unique strengths? We're all ears!

Let’s make this process smooth and successful for you! If you have questions or need assistance, we're just a call away. Let's build something great together! 617-523-2935