For existing clients, the 1 question we get most often is how to increase bonding capacity. And the answer doesn’t always provide the most clarity. Though it’s an easy and fair question to ask, the answer can be complicated. This is because no two contractors are the same, and no two contractors have the same circumstances. Combine that with the fact there are many different surety companies all with different appetites for risk, and you get an answer that takes a list in a blog just to scratch the surface. But here are some immediate actions to consider in order to increase bond capacity:
We wish you the best in your efforts to increase bond capacity. Obtaining larger bid, performance, and payment bonds hopefully leads to larger contracts and profits. If you have any questions about the above listed items, or other questions about how to increase bond capacity, feel free to call us any time. 877-654-2327. We love to talk shop!