Post by – Joe Allen – CCI Surety Can Help Rapidly Growing Contractors! ✯ Five-Year average revenue is now an option✯ ✯ Three-Year average revenue can still be used✯ ✯ We can review existing accounts under the new guidelines✯ Effective January 6th, 2020 new rules will be implemented when calculating a contractor’s size in the SBA Bond Guarantee […]
Post by – Joe Allen – Happy Holidays From CCI Surety, Inc. CCI Surety would like to thank everyone for another great year! As we enter into 2020, be sure to address your clients upcoming bond needs. Any hesitations open an opportunity for someone else. Whether you have a contractor declined due to […]
Post by – Joe Allen – Effective August 19, 2019! The SBA has increased the size standards for their Surety Bond Guarantee Program! Previous limits: GC/Heavy Highway – $36.5MM Specialty Trades – $15MM New Limits: GC/Heavy Highway – $39.5MM Specialty Trades – $16.5MM SBA Quick Program – $400,000 and Under Large Contractor Program – […]
Post by – Joe Allen – Why am I being required to obtain a Bid Bond? A bid bond provides financial protection to an owner if a bidder is awarded a contract but fails to sign the contract or fails to provide the required performance and payment bonds. Bid bonds also help screen out unqualified […]
Post by – Joe Allen – Contractors Outside of “Sticks & Bricks” CCI Surety, Inc. has the ability to bond more than just “sticks & bricks” construction. We can bond a wide variety of contractors, many of which are being declined only due to the type of work they perform. Some include: *Trash Removal* *Janitorial* […]
Post by – Joe Allen – DMEPOS Bid Bonds We have been receiving inquiries in regards to the new DMEPOS Competitive Bidding Program. Bidders are required to obtain a $50,000 bond with bidding slated to last from July 16th, 2019 through September 18th, 2019. We can provide competitive rates! We will need the following information […]
Post by – Joe Allen – Subdivision – Reclamation – Maintenance – Bid – Performance & Payment – Supply Stuck with collateral offers? Looking to grow out of a quick program? New business looking to obtain bonding? Project already started? Declined by Standard Carriers? If any of the above pertains to your contractors, give us […]
Post by – Joe Allen – In addition to bid and performance & payment bonds, CCI Surety also has strong options on many other types of bonds including subdivision bonds. We compete when your contractor is declined due to their credit and/or financials, receives collateral offers, or cannot obtain approval for the size of bond they are […]
Post by – Joe Allen – Many contractors are new to bonding or focusing on smaller projects in order to grow their business. CCI Surety’s Small Contractor Program was created to get your contractors on the job quickly, with minimal paperwork involved. If your contractor has been declined due to credit or experience, let us […]
Post by – Joe Allen – Spring is fast approaching and contractors around the country will be looking to place bid and performance & payment bonds of all sizes. CCI Surety has in-house underwriting authority of $3MM and under. Which means you will be working directly with the underwriter reviewing your account. CCI Surety, Inc […]
