The construction industry has been on an upswing this year, creating new opportunities for contractors, their subs and trades to grow their business and participate in a wider range of projects. Even so, the stronger economy means there’s still robust competition for the most desirable jobs, regardless of whether they led by private sector owners or government entities.
Today, many of the best construction opportunities require project participants to provide a surety bond. Whether the job requires you to obtain a bid or performance bond, or both, you stand a better chance of winning the bid if you prequalify for a bond. That’s because it can take a few days or longer to obtain a bond. And getting a head start in the process can mean the difference between winning a bid and being turned down.
For example, it typically takes 30 minutes to 2 hours to obtain a bond for projects below $500,000. However, it can take several days longer to obtain bonding for projects of $500,000 to $10 million and more. By working with an experienced surety agent, such as Unique Surety and Insurance Services, LLC you can prequalify for bonding and be in the best position to win new business. In this case, a little advance preparation can go a long way to helping your firm win business, grow, and not lose valuable opportunities.
Grow your business with bonded projects! Call Unique Surety and Insurance Services today at 561-429-3600 ext. 1001 and let us help you prequalify for bonding.
We've been underwriting for 40 years working with only the most reputable surety carriers nationwide.
We can get you the answers you need in a matter of minutes.
We offer sound business advice to help you build your bonded business.