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Thread: Larger Jobs

  1. Bond Magician
    Bond Magician is offline Senior Member
    Join Date
    Oct 2007
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    401

    Larger Jobs

    How long do I have to bid smaller jobs before I can apply and get approved for the Complete Bond Line? A year? Or would it be longer?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
    Join Date
    Oct 2007
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    558

    Bid Bonds

    Quote Originally Posted by Bond Magician
    How long do I have to bid smaller jobs before I can apply and get approved for the Complete Bond Line? A year? Or would it be longer?
    Very possibly longer. Experience is definitely a requirement for larger bond lines, as well as CPA prepared (reviewed on an accrual basis) financial statements for 2-3 years showing profitability.

    If you are a proprietorship, it will be difficult to get increased above a $200K single limit and $400K total aggregate line of bonding.

    I hope this answers your question. If you want to discuss this further, please feel free to call our office to speak with a bond representative.
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