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P Code Phone This letter serves as a certified statement of bonding capacity for the referenced Contractor. The present limits on bonding for the referenced Contractor are as follows: $ Single $ Aggregate Issuance and approval of any bond shall be predicated on the most current financial and job information available to the underwriter on the date that the bond is issued. The Surety Company hereby certifies that they are duly authorized by certificate of authority issued by the State of Nev.

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Bonding Capacity Certification Letter
This letter serves as a certified statement of bonding capacity for the referenced...
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A letter of bondability, statement of bonding limits or statement of bondability are synonymous terms for a simple declaration of a surety underwriter that a particular contractor qualifies for some level of access to contract bond capacity.

A Bond Capacity Letter provides evidence of general “bondability” by a General Contractor (GC) to an Owner (or a Subcontractor to a General Contractor). Oftentimes, owners require General Contractors to provide this letter as a way to prequalify the GC for a particular job. Bond Capacity Letters - Hickok & Boardman Insurance Group hbinsurance.com https://hbinsurance.com › surety-fidelity-bonding › bond... hbinsurance.com https://hbinsurance.com › surety-fidelity-bonding › bond...

Bonding capacity is the maximum amount of surety credit a surety company will provide to a contractor. It is generally expressed in terms of the largest single project the surety would be willing to issue and the maximum amount of contract backlog a contractor can hold. Determining Your Company's Bonding Capacity - Articles - CFMA cfma.org https://cfma.org › articles › determining-your-company-s... cfma.org https://cfma.org › articles › determining-your-company-s...

It is very common for a surety prequal letter to be signed by a broker who is an attorney-in-fact for the surety bond company. Usually, the letter is written on the broker's letterhead and not the surety bond company's letterhead.

The general multiple range that sureties use is 10 to20 times a contractor's working capital based on the type work a contractor performs. For example, $1 million in working capital can equate to $10 to $20 million in total aggregate bonding capacity.

Bonding capacity is the maximum amount of surety credit a surety company will provide to a contractor. It is generally expressed in terms of the largest single project the surety would be willing to issue and the maximum amount of contract backlog a contractor can hold.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232