Federal, state, local governments, private contracts require and incredible variety of surety bonds – from bid, performance, payment, numerous license and permit bonds to ERISA bonds, fidelity bonds, and many many more. Our staff has handled these bonds for years and we treat individuals and businesses that need them with prompt, professional and courteous service. We have creative solutions for all types of Surety Bonds. We’re accessible, responsive, flexible, and always ready to talk.
The bid bond assures that the bid has been submitted in good faith and that the contractor will enter into the contract at the price bid and provide the required performance and payment bond.
The performance bond protects the owner from financial loss should the contractor fail to perform the contract in accordance with its terms and conditions.
The payment bond assures that the contractor will pay specified subcontractors, laborers, and material suppliers on the project.
For contractors needing bonds up to $400,000 CNAs FAST – Track Application makes bonding for smaller contractors simple, quick and easy. FAST – Track is a simple, one-page application that requires no financial statements, and you can expect extremely quick turn-around time on all submissions.
The Small Business Administration (SBA) guarantees bid, performance and payment surety bonds issued by certain surety companies. By SBA guarantee to certain surety companies, this allows the companies to offer surety bonds to small businesses that might not meet the criteria for other sureties. For contracts up to 6.5 million for non-federal contracts and up to $10 million for federal contracts qualifies as small.