When it comes to requiring surety bonds for financing, contract bonds
for payment and performance are about 90 percent of what is involved, Inscho says.
Additionally, 2008 series A proceeds will be applied toward the refinancing of the outstanding series 2002 B-1 and B-2 state contract bonds
, which were issued in variable rate mode, and toward a $13.
The website also highlights a blog center called Surety Insider that hosts blog articles on surety topics such as 7 Red Flags for Contract Bonds
& Strategic Approach Fixes and 8 Tips to Increase Your Agency's Surety Bond Business.
Proposals must be accompanied by a bond in the amount of five percent (5%) of the proposed contract price, duly executed by the Supplier, as principal, and its surety, guaranteeing the provisioning of contract bonds
specified in 1.
Among the above mentioned surety programs South Coast Surety brought on line are; a number of "alternative bad credit" bonding plans, in house underwriting for commercial and contract bonds
and an Instant Issue California Contractor License Bond application.
Alstom's banks want the state to come up with another solution as contract bonds
needed to win new business are running out.
The division is mainly focusing on writing contract bonds
for construction companies seeking to guarantee that a project will be completed.
41 billion) in contract bonds
-the financial backing it needed to bid for new orders.
Through independent agents and professional surety producers, SureTec specializes in underwriting small-to-midsize contract bonds
and commercial surety.
4 billion in contract bonds
that allowed it to bid for new business.
CSIA offers other services in addition to contractor's license bonds, including contract bonds
(performance, bid and payment bonds) and general liability, workman's compensation and commercial automobile insurance through Skyles Insurance Agency.
Paribas analyst Mr Darren Shaw said the announcement left unresolved the crucial issue of contract bonds
issued by the construction side of Tarmac's operations and guaranteed by Tarmac plc.