Contract bond expertise
MARK RAMSEY ANTHONY MIGNOTT helps contractors and business owners prepare for contract bond underwriting. A preliminary review may provide an early indication of likely requirements before a full submission is completed.
Common contract bonds
- Bid bonds
- Performance bonds
- Payment bonds
- Subdivision and site improvement bonds
- Maintenance and warranty bonds
- Supply and reclamation bonds
Underwriting information
Contract bond underwriting commonly considers company experience, work history, financial statements, bank support, current work on hand, the bonded contract, and personal or corporate indemnity.
Smaller contract bond programs
Some smaller bond requests may qualify for streamlined underwriting. Eligibility and terms depend on the obligation, amount, credit, and available market programs.