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Surety Bonds 101

Surety Bonds 101. The Basics of Bonding. Principal. Obligee. Surety. What is Surety Bonding?. Types of Surety Bonds. Bid Bond Performance Bond Payment Bond. Types of Surety Bonds. Bid Bond Performance Bond Payment Bond. Types of Surety Bonds. Bid Bond Performance Bond Payment Bond.

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Surety Bonds 101

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  1. Surety Bonds101 The Basics of Bonding

  2. Principal Obligee Surety What is Surety Bonding?

  3. Types of Surety Bonds • Bid Bond • Performance Bond • Payment Bond

  4. Types of Surety Bonds • Bid Bond • Performance Bond • Payment Bond

  5. Types of Surety Bonds • Bid Bond • Performance Bond • Payment Bond

  6. Prequalification Capacity Financial Strength Company History Organization Continuation Plans References Work In progress

  7. Prequalification Capacity Financial Strength Company History Organization Continuation Plans References Work In progress

  8. Prequalification Capacity Financial Strength Company History Organization Continuation Plans References Work In progress

  9. Prequalification Capacity Financial Strength Company History Organization Continuation Plans References Work In progress

  10. Prequalification Capacity Financial Strength Company History Organization Continuation Plans References Work In progress

  11. Prequalification Capacity Financial Strength Company History Organization Continuation Plans References Work In progress

  12. Prequalification Capacity Financial Strength Company History Organization Continuation Plans References Work In progress

  13. Prequalification Capacity Financial Strength Company History Organization Continuation Plans References Work In progress

  14. Surety Company Checklist • Good character • Experience matching contract requirements • Financial strength • Excellent credit history • Banking relationship • Line of credit • Necessary equipment

  15. Benefits of Bonds Financial Security Construction Assurance

  16. Functions of Bonds • No liens • Smooth transition from construction to permanent financing • Provide support to contractor • Project completion Surety Bonds

  17. Cost of Surety Bonds $

  18. Example Surety Bond Rates $

  19. For More Information Surety Information Office 1828 L St. NW, Suite 720 Washington, DC 20036 202-686-7463 | Fax 202-686-3656 www.sio.org | sio@sio.org

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