Tag

contract surety

Performance Bond Fees Reduced for SBA Surety Bond Guarantee Program

On September 4th, 2018, the Small Business Administration announced its decision to decrease the fees associated with the SBA Surety Bond Guarantee Program (SBG). The fee amendment is the first adjustment in over twelve years. The SBA hope that the… Continue Reading →

Performance Bonds, Some Secrets to Qualifying for Surety Bonds

A frustrating part of being a contract surety bond underwriter is finding oneself obligated to decline a performance bond to a contractor that appears to possess the prerequisite experience, expertise, character and financial strength to accomplish his or her project. The review… Continue Reading →

Contract Surety Bond Approvals ~ How to Get Your Performance Bond Approved

Contract surety bond approvals should be easier. One of the most frustrating parts of being a contract surety bond underwriter is having to decline bonding capacity to a contractor that you feel possesses the prerequisite experience, expertise, character and financial… Continue Reading →

Working Capital and Contract Surety Bonding

Of all of the financial components that a contract surety bond underwriter considers when reviewing a performance bond  request, working capital is the the first. Healthy working capital is indicative of a contractor’s ability to service his or her short… Continue Reading →

Changes in State Construction Laws Impact Contractors & Performance Bonds

State Construction Laws






Performance Bonds, an SIO Primer

Contract Surety Bonding






Contract Surety – Tax Returns are NOT Financial Statements

Bottom line, tax returns are NEVER acceptable financial reports when applying for contract surety bonding. Except for very small bond requests a contract surety underwriter will require one more years of proper financial statements prepared by a certified public accountant… Continue Reading →

What Is A Bid Bond

As a surety-specific agency with a national footprint we numerous requests for “bid bonds” each day.  Contractors who have dealt with corporate sureties are aware of what these are however many new and smaller construction and commercial services contractors do… Continue Reading →

© 2018 Surety One, Inc.

Top ↑