| Contract - Bid Bonds: |
Byrne - Kim, has a vast market available for Contract/Bids Bonds. Bid Bonds are surety bonds required by many General Contractors for acceptance of price bids for
contracts. The Bid Surety Bond guarantees if the bid is accepted, the party providing the bid will sign and agree to meet the terms of the agreement. Upon award of the
agreement, Performance Surety Bonds and Payment Surety Bonds generally are required to guarantee that the terms and conditions of the agreement are met. (The bid
bond assures and guarantees that should the bidder offer the low bid, the bidder will execute the contract and provide the required surety bonds). Please see
Performance and Payment Bonds. Payment Surety Bonds are also referred to Labor & Material Surety Bonds.
Apply Now: Call for application (949) 249-2540 or email click here
contracts. The Bid Surety Bond guarantees if the bid is accepted, the party providing the bid will sign and agree to meet the terms of the agreement. Upon award of the
agreement, Performance Surety Bonds and Payment Surety Bonds generally are required to guarantee that the terms and conditions of the agreement are met. (The bid
bond assures and guarantees that should the bidder offer the low bid, the bidder will execute the contract and provide the required surety bonds). Please see
Performance and Payment Bonds. Payment Surety Bonds are also referred to Labor & Material Surety Bonds.
Apply Now: Call for application (949) 249-2540 or email click here
Required Information usually needed to secure a bond, please provide us as much as you possibly can.
Other forms will be provided as needed....
- Business Year End Financial Statements, up to 3 years and preferably prepared by a CPA
- Complete schedule of work in progress
- Personal Finance Statement(s) of Business Owners
- Copy of contract
- Copy of contractors license
- Resume of owners
- Bank Letter verifying balances and credit arrangements
- Job cost estimates
- Current Liability and if applicable Workers Compensation Insurance
Other forms will be provided as needed....
Small Contractor Bond Program - now available
For projects up to $200,000 Single or Aggregate Line.
INSTRUCTIONS
IMPORTANT INFORMATION
Credit and reference checks may be required. Contractor should be established for a minimum of two years.
The following types of work cannot be considered for this program:
Complete the Small Contractor Application - Click Here
For projects with Aggregates in excess of $200,000 up to $400,000 complete the Small Contractor Plus Application - Click Here
Small Contractor Plus, builds on the small contractor bond program considering an aggregate larger than $200,000 up to $400,000.
This option requires additional underwriting information, including financial. Complete the Small Contractor Plus Application and include all the required information.
Fax all applications back to (949) 270-3704
For projects up to $200,000 Single or Aggregate Line.
INSTRUCTIONS
- Application — To expedite the process, please have application completed in full by the contractor.
- Indemnity Agreement — A legible copy of the full indemnity agreement is necessary. Please submit a fully completed and signed copy with application.
- Contract/Agreement — A copy of the entire agreement is necessary for us to determine project acceptability. For bid bonds, please include bid specifications
provided by the Obligee. Please include all required bond forms for review and acceptance.
IMPORTANT INFORMATION
Credit and reference checks may be required. Contractor should be established for a minimum of two years.
The following types of work cannot be considered for this program:
- Subdivision
- Site Improvement contracts
- Completion
- Multi-year service programs
- Asbestos abatement
- Computer software
- Hazardous materials
- Consulting or design
- Stand-alone maintenance contracts
- Personal/Residential work
Complete the Small Contractor Application - Click Here
For projects with Aggregates in excess of $200,000 up to $400,000 complete the Small Contractor Plus Application - Click Here
Small Contractor Plus, builds on the small contractor bond program considering an aggregate larger than $200,000 up to $400,000.
This option requires additional underwriting information, including financial. Complete the Small Contractor Plus Application and include all the required information.
Fax all applications back to (949) 270-3704
| Home | Terms of Use | Privacy Notice | Contact Us Copyright © 2012 All Rights Reserved. Byrne - Kim & Associates Insurance Services, Inc. T. 949-249-2540. F. 949-270-3704 |
| Home | Site Map | Contact Us |
| About Us | Services | Resources | Client Log In | Employment |