Contract Surety Bonding Requirements New Submission
The following information should be provided for our evaluation of the feasibility of establishing a bonding facility:
Three years externally prepared financial statements for both the operating firm and all affiliates and related companies and interests. Should the year-end financial statements supplied to us be in excess of six months old, interim financial statements will also be required.
Aged listings of receivables and payables for interm financial statements and the latest year-end financial statements.
Work on Hand Report to coincide with interim financial statement and the latest year-end financial statements.
A bank reference letter. Ideally this will take the form of a copy of Terms & Conditions Agreement for all operating and term facilities for the firm.
Personal financial statements completed for the principals of the firm.