Surety Bonds

Infrastructure: Rated D

04.27.2021

 

 As public officials wrangle final plans and finances for infrastructure spending, ratings from the American Society of Civil Engineers point to the tremendous need to build roads, bridges, waterways and more in states across the country.

 D Ratings

 If you have been experiencing bumps in your roads, you are definitely not alone. Grades from the American Society of Civil Engineers’ (ASCE) infrastructure report card were released in March, with the country as a whole scoring C-. Hmmm. Apparently, the bridges, roads and waterways in some states need even more than average attention. According to Construction Dive, the seven states that received infrastructure grades of D or D+ are:

Delaware

Hawaii

Louisiana

Michigan

Mississippi

New Jersey

West Virginia

Ready for Lift Off?

 While plans for national infrastructure spending are finalized, why not gear up for action? It seems likely that we’ve all got building to do in the near future. Already, for example, billions in improvements are getting underway at airports across the country.

Be ready for lift-off on whatever projects come your way. With The Partnership Account® at Colonial Surety Company you get:

  • Control of your bidding and bonding, online, anytime.
  • Powers of attorney to seal and issue your own, confidential, bid bonds—in minutes.
  • Gain security that no one ever sees your bid.
  • Order performance and payment bonds right from your computer.
  • A private Owner’s Dashboard® to review your company’s underwriting, financial and bid spread analyses, Dun & Bradstreet scores and profitability – all so you stay in control of your business. 
  • Direct access to Colonial’s lead underwriter.
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Improving and Streamlining

Good news? The C- grade the ASCE recently gave the country as a whole is a step up from the previous grade of D. Nonetheless, worst case disaster scenarios make it clear that it is dangerous to continue ignoring infrastructure imperatives.The ASCE stresses that smart investments and decisive action are key to the work of infrastructure. Among the specific recommendations made by the ASCE is a pleas for streamlining:

 Streamline the project permitting process across infrastructure sectors, while ensuring appropriate safeguards and protections are in place.

If you are a fan of streamlining, you will love The Partnership Account®  at Colonial Surety Company. As a Partner, you’ll utilize Colonial’s powers of attorney to seal and issue your own bid bonds in minutes. For real. Now that’s streamlining, right? It’s confidential too!

Special project? Why not speak directly to Colonials’s lead underwriter? Plot your next steps from your private Owners Dashboard®, where you can always view your surety lines, adjust work on hand and aim for wins. Let’s get you going. It only takes a few minutes:

Pre-Qualify for The Partnership Account® and Get Free Dun & Bradstreet Scores!

 Founded in 1930, Colonial Surety Company is a leading direct writer of surety bonds and insurance products across the USA. Colonial is rated “A Excellent” by A.M. Best Company and U.S. Treasury listed. Tech savy? You bet! Our user-friendly online platform is here for you 24/7. So is our team of experts. Let’s do this!