Post by – Joe Allen – In NYC – Better value is greater than lowest bidder The New York City Public Works Investment Act has changed the way contractors are awarded projects. The step by step process for NYC contractors is outlined in the link below. “Prospective bidders will be required to undergo a two-step […]
Post by – Joe Allen – New Year, New Bond Needs Michael Williams CCI Surety, Inc. Aimee Henard The Main […]
Post by – Joe Allen – Minnesota Post Secondary Surety Bond Update New schools that have been granted conditional approval for degrees or names need to provide a surety bond. This will allow them the opportunity to apply for and receive accreditation under Minnesota Statutes section 136A.65, subdivision 7. The sum of the bond is […]
Post by – Joe Allen – $100,000 FL Financially Responsible Officer (FRO) Bonds CCI Surety, Inc. now has the ability to quote FL FRO bonds with NO CREDIT CHECKS and NO INDEMNITY! FL Construction Industry 660 License Bonds CCI Surety, Inc. now has the ability to quote FL Construction Industry 660 License Bonds with NO INDEMNITY and starting […]
Post by – Joe Allen – Commercial Bond News The Iowa Pharmacy Board recently signed into law new regulations requiring all wholesale drug distributors to post a license bond or letter of credit for $100,000. IA Wholesale Distributor License Bond Missouri has introduced a new license bond requirement for rental companies. This new bill will […]
Post by – Joe Allen – $75,000 BMC-84 Bonds Many $75,000 BMC-84 bonds will be up for renewal in the coming months. If you have any clients with new or non-renewing bond needs, let us know! Our experienced staff is ready to help with all your commercial bond needs! *ERISA* *Motor Vehicle Dealer* *Wage & Welfare* *License & […]
Post by – Joe Allen – Why am I being required to obtain a Bid Bond? A bid bond provides financial protection to an owner if a bidder is awarded a contract but fails to sign the contract or fails to provide the required performance and payment bonds. Bid bonds also help screen out unqualified […]
Post by – Joe Allen – Contractors Outside of “Sticks & Bricks” CCI Surety, Inc. has the ability to bond more than just “sticks & bricks” construction. We can bond a wide variety of contractors, many of which are being declined only due to the type of work they perform. Some include: *Trash Removal* *Janitorial* […]
Post by – Joe Allen – Fidelity & Crime Coverage We all have insurance where it is required and sometimes, it seems we have more insurance protection than we actually think we would need. However, there is an area many of us overlook – Fidelity & Crime coverage. In most cases, we never realize this specific […]
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 […]
