SuretyOne, Inc.

SMALL CONTRACT SURETY

($300,000 MAX. BOND AMOUNT)

• Contract Surety Bond Quick App.
• Personal financial statement
• Business financial statementA simple "business financial statement" consists of a your company's current balance sheet and an income statement (also known as a P&L or 'profit and loss' statement). These can be supplemented with a statement of changes in equity, statement of cash flows, CPA notes, etc.
• Certificate of liability insurance
• Project specifications & contractWhen we request "project specifications", we mean a COMPLETE copy of a project bid package and a copy of the agreement between a contractor and project owner.

LARGE CONTRACT SURETY

• Bid Bond / Performance Bond
  Request Form
• Contractor questionnaire
• Credit release
• Personal financial statement
• Business financial statementA simple "business financial statement" consists of a your company's current balance sheet and an income statement (also known as a P&L or 'profit and loss' statement). These can be supplemented with a statement of changes in equity, statement of cash flows, CPA notes, etc.
• Key personnel resumés/CVsA "key personnel resumé" or 'C.V.' is a brief explanation of an individual's experience, training/schooling, apprenticeship and qualifications to perform a specific type of work.
• Key personnel life insuranceThis is incredibly self-explanatory
• Work in progress schedule
• Project specifications & contractWhen we request "project specifications", we mean a COMPLETE copy of a project bid package and a copy of the agreement between a contractor and project owner.
• Certificate of liability insurance
• Line of credit/bank verification

SUBDIVISION SURETY BONDS

• Subdivision Bond Request Form
• Credit release
• Personal financial statement
• Certificate of liability insurance
• Bank account verificationsA "bank account verification" is nothing more than a copy of a monthly statement for your general operating funds account or reserve account.
• Business financial statementA simple "business financial statement" consists of a your company's current balance sheet and an income statement (also known as a P&L or 'profit and loss' statement). These can be supplemented with a statement of changes in equity, statement of cash flows, CPA notes, etc.
• Improvement agreementAn "improvement agreement" is simply the contract between an owner/developer of a subdivision and the municipality to which the subdivision belongs.
• Engineer estimate with sealsAn "engineer estimate" is a plan prepared by a licensed and/or qualified engineer detailing the work to be performed by an owner/developer of a subdivision, and it's general costs. Engineer estimates should be attested to and bear the engineer's professional seal.
• Appraisal of projectAn "appraisal of project" is exactly that, . . . an "appraisal" of the project.
• Copy of platA "copy of a plat" is a map, drawn to scale that shows divisions of a piece of land. Municipal plats show subdivisions divided into blocks with streets, and often breaks blocks down into individual lots.
• Proof of source of financing"Proof of source of financing" is either evidence in the form of bank account statements, letters of credit, escrow or reserve account statements, proving that funds are 'set aside' for the payment of subdivision improvement labor and materials. Bank financing agreements can also work.

COMMERCIAL CONTRACTS

These performance bonds, like those for traditional "sticks and bricks" projects, guarantee that you will fulfill your contractual obligations as per the terms of your contract. Generally, this program is focused on manufacturers, wholesalers and retailers (supply contractors) who sell and install specific products or provide specific services.

• Commercial contractor questionnaire
• Credit release
• Personal financial statement
• Bond request form
• Business financial statementA simple "business financial statement" consists of a your company's current balance sheet and an income statement (also known as a P&L or 'profit and loss' statement). These can be supplemented with a statement of changes in equity, statement of cash flows, CPA notes, etc.
• Certificate of liability insurance
• Bond forms (if provided by Obligee)This is self-explanatory
• Supply or service contractThis is even more self-explanatory