The Owner Prequalifed You…Did You Prequalify the Subcontractors?
Good question. The answer could mean the difference between a job well done and a job done well over budget. A well thought out policy for bonding subcontractors provides the general contractor with many benefits, including the prequalification services of the surety; the effects of indemnity; a positive impact on their own surety relationship; and the ultimate performance and payment protection offered by the bonds.
Surety Bond Associates provides bonds for qualified small contractors and subcontractors, including minority, women and veteran-owned companies and those seeking their first bond. We have access to a number of special programs for emerging contractors, including the U.S. Small Business Administration’s Surety Bond Guarantee Program for contracts up to $5 million.
If your subcontractors are currently having a difficult time obtaining bonds, please have them Contact Us TODAY! Our customers achieve amazing results and we want to share ideas with both you and your subcontractors that we think you’ll find immediately helpful. Our advice is free.