Shorewest Surety Services - Commercial Construction Surety Bid Bond, Bonds and Bonding

Establishing a Bond Line of Credit

admin — Mon, 06 Jun 2011 18:40:42 +0000

Establishing a Bond Line of Credit
Surety companies require some background information for qualification, and although applicants are evaluated individually, the standard qualities looked at include:

Reputation
What is your company’s track record?
Do you complete your projects in a timely manner, and do you have the ability to meet your obligations?
Management
How experienced are the key people running the business?
Capital
What is the organization’s cash flow outlook? As your agent, we will review your books from the past 3 years to determine bond ability.
We can provide a confidential, no cost or obligation back-up relationship to your existing bond provider, in the event that they ever fail to meet your needs or expectations.

In House Authority
We have in-house authority with the majority of the companies that we represent, allowing us to act quickly to meet your needs.

Rates?

admin — Mon, 06 Jun 2011 18:40:01 +0000

Our goal as your agent is to secure you with the best possible bond company, at the best rates available.

You are in WI – How can you service us when we are located in…

admin — Mon, 06 Jun 2011 18:35:45 +0000

We meet all of the clients we work with, whether you are in Kansas City, Detroit or anywhere in between. With today’s technology and overnight mail, we service your account as well as if you were located in Racine, Wisconsin. We have a reference list of our clients located throughout the Midwest if service is... Read the Rest...

Fees?

admin — Mon, 06 Jun 2011 18:35:04 +0000

At Shorewest Surety Services, Inc., we do not charge any fees. There are no bid bond fees, overnight mail fees or annual underwriting fees.

Turn-around Time?

admin — Mon, 06 Jun 2011 18:34:40 +0000

We can set you up with a new surety relationship in a little as 2 days from the time that we have gathered all of our underwriting information and met with you. After your account is established, all of our bond requests are executed the same day that we receive them, and sent via overnight... Read the Rest...

What is a License and Permit Bond?

admin — Mon, 06 Jun 2011 17:49:55 +0000

A License and Permit Bond is a bond that guarantees a contractor will comply with the local statutes and ordinances.

What is a Maintenance Bond?

admin — Mon, 06 Jun 2011 17:49:34 +0000

A Maintenance Bond provides coverage against defects or faulty workmanship after a project is complete.

What is a Supply Bond?

admin — Mon, 06 Jun 2011 17:49:00 +0000

Supply Bond- A Supply Bond guarantees a principal will supply certain supplies or materials to the owner.

What is a Payment Bond?

admin — Mon, 06 Jun 2011 17:48:45 +0000

Payment Bond- The Payment Bond, also known as a labor and material bond, guarantees that the contractor will pay all financial obligations (material, labor, subcontract, etc…) relating to the contract.

What is a Performance Bond and Payment Bond Video

What is a Performance Bond?

admin — Mon, 06 Jun 2011 17:47:21 +0000

Performance Bond- The Performance Bond ensures the contractor will perform its contractual duties in accordance with the contract.