Bid Bond over $ 6M

[crc4less]

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

[Riskwriter]

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.