My competitor’s business is smaller than mine, but they’re able to get bid/performance bonds easily. Why do I have difficulty getting these bonds?
There are many factors that are considered when a surety bond is issued. The complete financial picture of each company and its owners are analyzed in context. No two contractors are alike, and each company must qualify on its own respective merits. Your surety agent will guide you to the right bonding company for your business, and will help you qualify for the maximum bonding line.
By Chris|2023-05-31T17:33:00-04:00February 15, 2023|