The types of projects contractors plan to take on, compared to their past projects, will help determine their bonding capacity for a new project. If a construciton company has only completed residential projects so far, but want to bid on awater treatment plant, it might be unclear if they...
“MGI manages risk at an unprecedented level for elite contractors of character and integrity. I’m proud of our work ethic and unique surety vision.” Scott Mahorsky, President Joao & Bradley Construction Co., Inc has been utilizing Mahorsky Group for over nine years. We find the staff to...
in the event of loss to the customer due to theft or damage, while contract performance bonds ensure work meets contract specifications. Some municipalities require license and permit bonds to secure compliance with local building codes, lest the contractors' bonding company pay fines on its behalf...
A CSLB license bond is a form of security deposit that contractors are required to post to the board. Surety bonds are often used for this purpose although certificates of deposits or cash can be posted. A surety bond refers to acontractual agreementwhereby a company promises the state that ...
“Our company designs and builds food processing facilities. Mike and the entire staff at Metayer Bonding Associates understands our specialized business.” JOHN LAPINSKI, CONTROLLER The Dennis Group Springfield, MA ENR TOP 400 CONTRACTORS – #185 ...
A surety bond protects people, companies, and local governments from financial harm caused by you or your company. In their simplest form, surety bonds are a promise to pay when something goes wrong. They’re often required to obtain a state license, perform construction contracts, or for cour...
For minority-owned and women-owned construction businesses, the ability to provide a surety bond to guarantee performance can help to differentiate the company's bid from a competitor's in the eyes of the general contractor or owner. This is especially true now as the number of owners and ...
What we do for you Preferred Bonding & Insurance Services is pleased to offer our clientele and prospective clientele a full range of bonds and insurance products. We provide your company the ultimate in personalized service, with your own custom-made bond program....
“Excellent show! The actors were fun and interacted well with your company. We will definitely recommend to others. I enjoyed hearing that co-worker laughter!” American Express Our Charity Bike Build donation event was a huge success. Matt and his team handled everything beautifully, and our...
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook bonding capacity 1.An indication of a contractor’s credit rating. 2.The maximum amount of money a bonding company will extend in contract bonds to a building contractor. ...