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I'm bidding a waterproofing job and I need a bond for about a $150k project. I probably have enough assets to get this, but I don't know who to go to. I'm a new company so a bonding company may be hesitant to bond me.

Does anyone know where I could go?

Thanks


John
www.constructonomics.com
 

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Insurance companies that issue surety bonds are usually more concerned
with your knowledge , experience and company track record (finishing projects) than they are with how much you have in a bank.
Although having the assets to back up the job could'nt hurt.
 

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The Duke
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Perhaps I could look at the Ads on this page. I'll ask my insurance guy. I have insurance but the problem is that I'm a new company and bonding companies don't want any part of it even though I have plenty of money.


www.constructonomics.com
That's usually because you're a high risk, have bad credit, or both.
 

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Perhaps I could look at the Ads on this page. I'll ask my insurance guy. I have insurance but the problem is that I'm a new company and bonding companies don't want any part of it even though I have plenty of money.
uh..if you have "plenty of money" post your own bond.

I NEVER saw an insurance company that wouldn't take your money. It's all about RISK. A bond on 007 might cost more but that's why Loyds of London exists.
 
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