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 – 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 […]
Release of Lien Bond In most situations, Release of Lien Bonds are written with 100% Collateral as a condition. CCI Surety has options without 100% collateral requirements with clients with a range of credit scores and financial strength. The strongest accounts with high credit scores and strong financial information may have Release of Lien Bonds […]
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 […]
