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  1. crc4less
    crc4less is offline Junior Member
    Join Date
    Aug 2007
    Posts
    1

    Bid Bond over $ 6M

    I started contruction company eight month ago in tri state area. I have currently $ 10M dollar work. How can I get the Bond over $ 6M fot MTA project?

    Chetan
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  2. Riskwriter
    Riskwriter is offline Administrator
    Join Date
    Jan 2005
    Posts
    54

    Getting a bond of that size so new will be next to impossible in the standard market. (By standard, I mean not posting collateral of any kind)

    I would guess that in order to qualify for a bond of that size, you would need to at least provide 1.5 years of CPA preparred Reviewed financial statements done on a % of completion basis. The #'s in that statement would have to be rather strong with liquidity, profitability and net worth.

    A long shot indeed. Sorry to be the bearer of bad news.
    Surety Bonds for all classes of business.
    JW BOND CONSULTANTS, INC.
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