The agency’s recently updated bond application service is designed for small and medium-sized businesses. Surety Bond Professionals’ new policy of requiring minimal paperwork also makes applying for bid bonds faster and more efficient, giving clients an advantage in the bidding process.
For more information, visit https://www.suretybondprofessionals.com
The announcement coincides with an article published in Forbes Magazine about bid bonds becoming increasingly important for contractors who want to secure big projects. According to the report, bid bonds ensure that low bidders with enough experience and manpower can win the project. Owners who want to minimize their capital outlay may choose to go with a low bidder as long as they have the experience and the certifications for the job. However, to ensure that such bidders will deliver on their commitment, the project owners may require a bid bond.
Surety Bond Professionals explains that a bid bond is a pre-qualification requirement that assures the project owner that the contractor will finish the job. The bond is provided by a third-party company, so if the contractor fails to deliver, the owner can take the bond to the company that issued it and file for compensation.
The bond agency has access to more than 25 surety markets, giving contractors the most suitable programs and payment terms. Having been in the business for over 30 years, they have developed a proprietary system that allows them to assess and match contractors with the right bond company. They aim to help their clients grow their businesses and increase their revenue with each contract they win.
“Surety Bond Professionals make the bonding process easy and straightforward. They do it right the first time, which saves us time and money and allows us to secure the size jobs we want. The team is accessible, flexible, and easy to work with. Ours is a relationship built on trust,” a satisfied customer said.
More information is available at https://www.suretybondprofessionals.com
Surety Bond Professionals, Inc.
205 Union Street