CONSTRUCTION CONTRACTORS: PREQUALIFY FOR SURETY BONDING TO WIN MORE BUSINESS

The construction industry has been on an upswing this year, creating new opportunities for contractors, their subs and trades to grow their business and participate in a wider range of projects. Even so, the stronger economy means there’s still robust competition for the most desirable jobs, regardless of whether they led by private sector owners or government entities. Today, many of the best construction opportunities require project participants to provide a surety bond. Whether the job requires you to obtain a bid or performance bond, or both, you stand a better chance of winning the bid if you prequalify for a bond. That’s because it can take a few days or longer to obtain a bond. And getting a head start in the process can mean the difference between winning a bid and being turned down. For example, it typically takes 1 to 2 days to obtain a bond for projects below $400,000. However, it can take several days longer to obtain bonding for projects of $400,000 to $10 million an
http://www.suretybondsbyunique.com/construction-contractors-prequalify-for-surety-bonding-to-win-more-business/

LEASING FIRMS TAP SURETY CARRIERS FOR SPECIAL BONDS TO REDUCE RISK, STRENGTHEN LEASE PORTFOLIOS

Today, smart equipment lease companies are updating their term sheets by requiring lease applicants to obtain an equipment lease payment bond. This specialized surety bond provides a solution to make lease payments to the equipment leasing firm should the lessee go into default on its lease payment obligation. Stronger lease portfolios. When leasing companies accumulate more bond-backed leases, their portfolio becomes less risky. A stronger portfolio, in turn, can make it easier to shop for financing, qualify for better terms, attract investment capital, and grow. Timely opportunity. While money may be relatively inexpensive now, smart lenders are getting in on the ground floor as bonds are readily available. No-one can predict future economic cycles. However, leasing companies currently building low-risk bond-backed portfolios may be more attractive to financial underwriters and lease partners when the historically cyclical market begins to tighten. To learn more, contact Unique Sure
http://www.suretybondsbyunique.com/leasing-firms-tap-surety-carriers-for-special-bonds-to-reduce-risk-strengthen-lease-portfolios/