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Surety Bonds 101. The Basics of Bonding. Principal. Obligee. Surety. What is Surety Bonding?. Types of Surety Bonds. Bid Bond Performance Bond Payment Bond. Types of Surety Bonds. Bid Bond Performance Bond Payment Bond. Types of Surety Bonds. Bid Bond Performance Bond Payment Bond.

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Presentation Transcript
surety bonds 101

Surety Bonds101

The Basics of Bonding

types of surety bonds
Types of Surety Bonds
  • Bid Bond
  • Performance Bond
  • Payment Bond
types of surety bonds1
Types of Surety Bonds
  • Bid Bond
  • Performance Bond
  • Payment Bond
types of surety bonds2
Types of Surety Bonds
  • Bid Bond
  • Performance Bond
  • Payment Bond
prequalification
Prequalification

Capacity

Financial

Strength

Company

History

Organization

Continuation

Plans

References

Work

In progress

prequalification1
Prequalification

Capacity

Financial

Strength

Company

History

Organization

Continuation

Plans

References

Work

In progress

prequalification2
Prequalification

Capacity

Financial

Strength

Company

History

Organization

Continuation

Plans

References

Work

In progress

prequalification3
Prequalification

Capacity

Financial

Strength

Company

History

Organization

Continuation

Plans

References

Work

In progress

prequalification4
Prequalification

Capacity

Financial

Strength

Company

History

Organization

Continuation

Plans

References

Work

In progress

prequalification5
Prequalification

Capacity

Financial

Strength

Company

History

Organization

Continuation

Plans

References

Work

In progress

prequalification6
Prequalification

Capacity

Financial

Strength

Company

History

Organization

Continuation

Plans

References

Work

In progress

prequalification7
Prequalification

Capacity

Financial

Strength

Company

History

Organization

Continuation

Plans

References

Work

In progress

surety company checklist
Surety Company Checklist
  • Good character
  • Experience matching contract requirements
  • Financial strength
  • Excellent credit history
  • Banking relationship
  • Line of credit
  • Necessary equipment
benefits of bonds
Benefits of Bonds

Financial

Security

Construction

Assurance

functions of bonds
Functions of Bonds
  • No liens
  • Smooth transition from construction to permanent financing
  • Provide support to contractor
  • Project completion

Surety Bonds

for more information
For More Information

Surety Information Office

1828 L St. NW, Suite 720

Washington, DC 20036

202-686-7463 | Fax 202-686-3656

www.sio.org | sio@sio.org