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Colonial Surety Company
Phone: 1-800-221-3662 Fax: 1-800-743-1062 
Email us
 
    www.colonialsurety.com
 

 

Download Application Packages
Bid & Performance Bonds
 
Preferred Contractor Bid & Performance Bond Program With Limits Up to 6 Million Dollars Single & 10 Million Dollars Aggregate. 
 
Criteria:
Varies depending on bond line requested but all applicants must comply
with the following:
  • Company must be in business for five (5) years 
  • Successful prior performance 
  • No prior personal or business bankruptcies 
  • Clean personal and business credit history 
  • No surety defaults 
  • Good to Strong Personal and business equity 
  • Prime contractor doing public work 
  • Anticipated annual premium of $15,000 
    Download Format APPLICATION REQUIREMENTS  
         
  Word PDF
  1. APPLICATION.
  
     
  1. THREE (3) MOST RECENT YEAR END CPA PREPARED FINANCIAL STATEMENTS FOR THE COMPANY.
  
  Word PDF
  1. CURRENT PERSONAL FINANCIAL STATEMENTS FOR EACH OWNER OF THE COMPANY. 
  
     
  1. BANK REFERENCE LETTER ON BANK'S LETTERHEAD STATING NUMBER OF YEARS THE CONTRACTOR HAS BEEN BANKING WITH THIS BANK, AVERAGE BALANCE OF DEPOSITS, LINE OF CREDIT AND CURRENT AMOUNT OUTSTANDING.
  
 
  1. AGING OF ACCOUNTS RECEIVABLE & ACCOUNTS PAYABLE AS OF CURRENT DATE.
    (PLEASE PROVIDE COMPUTER PRINT-OUT)
 
  PDF
  1. CURRENT WORK ON HAND FORM.
 
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  • $375.00 Annual Bid Bond Service Undertaking Fee.

  • Premium Rates are individually assigned and commensurate with underwriting parameters and volume activity.

 

  Download Format    
         
    PDF
  1. General Indemnity Agreement
  
    PDF
  1. Partnership Account™ Indemnification Agreement
  
    PDF
  1. Service Undertaking Agreement
    PDF
  1. Contractor's Agency Consent Form.
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