by Kanisha Gresham | Jan 21, 2020 | Uncategorized
Derived from NASBP’s Answers to 51 Questions Small Contractors Ask About Bonding Like bank credit, bonding is mainly dependent on strong financials and adequate liquidity for a contractor to take on construction projects. Bonding capacity is the maximum amount of...
by Kanisha Gresham | Jan 7, 2020 | Uncategorized
In September, Kara, among others, spoke about Bonding and Banking Relationships at the Northwest Small Business Transportation Resource Center (NW SBTRC), Sound Transit, and Minority Business Development Agency (MBDA) Business Center. You can find pictures and...
by Kanisha Gresham | Dec 4, 2019 | Uncategorized
If the Principal (the one purchasing the bond) fails to perform as promised, the surety pays any losses and damages that occur. Without the surety, or if the surety in question is not certified to write surety bonds in said state, the public security and consumer...
by Kanisha Gresham | Oct 30, 2019 | Uncategorized
A Letter of Bondability, also known as a Good Guy letter or Sunshine Letter, has been around for a long time. Over the years, these letters have become stricter on what is required. In the past, agents would be able to prepare this letter on their own letterhead....
by Kanisha Gresham | Sep 20, 2019 | Uncategorized
Access to Capital, Financing for Small Business, presented by Sound Transit. Kara, among others, will be speaking on topics such as bonding, improving and maintaining credit score, reducing debt, tradition and non-traditional lending, strategies for capital access...
by Kanisha Gresham | Sep 19, 2019 | Uncategorized
Being the lowest bidder on a job can be quite exciting. However, depending on the spread between the lowest bidder and the others, the winner may be at risk. This is why surety underwriters request the other bid amounts to evaluate the spread. If the spread is greater...
