$1.2 Billion in Contracts Awarded to Small Construction Firms in 2013 Story Below from Times Record News Original Story With the help of the Small Business Administration’s Surety Bond Guarantee Program, small construction firms were awarded in fiscal year 2013 more than $1.2 billion in contracts, the SBA reported. This number represents a 61 percent […]
SBA Quick Program Update As of February 12, 2014 the SBA Quick Program has been expanded to include projects with 2 year maintenance periods. In addition, liquidated damages up to $1,000.00 per day can also be accepted in the program. This program is beneficial for small contractors and can help them build a bond history […]
Easy Start Application
How To Handle Bonds in Bad Credit Situations Bad Credit Bond situations come in many forms and we see a lot of accounts that have bad credit or other challenges. Obtaining a bad credit bond can be challenging for contractors and insurance agents that do not have a relationship with a surety that handles bonds […]
BMC-84 Freight Broker Bonds As the October 1st change to $75,000 bond requirements approach, many agents and brokers are still scrambling to find homes for their BMC-84 Bonds(formerly ICC Property or Freight Broker Bonds). At this time we are still able to get quotes out but those quotes will soon need to be evaluated after […]
To clarify on our previous message about Alabama Motor Vehicle Dealer Bond Renewal, we do handle both the $25,000.00 and the $10,000.00 version with the same bond application found below. Thanks again and don’t hesitate to contact us with any quesitons. Alabama Motor Vehicle Dealer Bond Application Jim Dillenburg CCI Surety, Inc. jdillenburg@ccisurty.com 866-317-3294 […]
Alabama Motor Vehicle Dealer Bond Renewal August when the renewal process for Motor Vehicle Dealer Bonds in Alabama must be renewed. Our commercial department handles Motor Vehicle Dealer Bonds in Alabama and we’d be happy to offer you a competitive quote or work on accounts that have weakened and are no longer qualified for their […]
Documents and payment related to BMC-84 quotes must be received before October 1st in order to guarantee they will be in place by the October 1st FMCSA deadline. Previously it was believed that the bond could be back dated to October 1st as long as it was received before October 31st. This has changed and […]
We have been keeping you up to date as much as possible on the change to the $75,000 requirement on freight brokers (BMC-84) bonds. This week the FMCSA has sent out “Revocation of Authority Notices” to freight brokers. If you haven’t already, it is approaching crunch time to reach out to your clients and be […]
Welcome back from the holiday weekend! Some of your clients may be receiving cancellation notices from their surety as early as this week on their $10,000 BMC-84 Bond (formerly the ICC Property Broker Bond). As we have mentioned in the past, the bond requirement for these bonds is increasing to $75,000.00 on October 1st, 2013 […]
