Contractor Increasing Bonding Capacity

How Can a Contractor Increase Their Bonding Capacity?

How can a contractor take it’s bonding capacity to the next level?

Steven Swartz
PRESIDENT/CEO
South Coast Surety

Construction Executive magazine featured Steve in their 14th annual ‘Contractor’s Guide to Surety Bonding’ where he answers the question that many contractors have – how does a contractor grow their surety bonding capacity?

Steven Swartz: “Some might say it is easy to increase your surety capacity to the next level…. Not really. It takes planning and effort. Understanding what the surety underwriters are looking for in order to approve the leap into larger bonded work is the most important key factor.

Yes, you need to have shown the ability to successfully manage the bonded work in your current program with good profit margins that don’t fade. And yes, you need to have a good financial presentation prepared that reflects the profit stream from those jobs and also displays your continued efforts to retain and grow the company working capital and net worth.

But, it is your professional surety agent that can help guide your firm in reaching the larger work program goals. Your surety agent should be communicating regularly with your CPA who is experienced in generating construction accounting financial statements in a form and format preferred by the surety underwriters. Your experienced surety agent should be working hand in hand with you and your staff as you work through your current work and start to focus on the future jobs you intend to pursue.

The successful construction executive aligns with a strong independent advisory team of an experienced construction attorney, experienced construction accounting firm and an experienced professional surety agent. When added to your own professional staff, this team provides the insight and support to make that path to larger bonded contracts seem easy.”

If you’d like to talk with Steve about your current bonding capacity and further details on how to increase it, give him a call at 800-361-1720 or email surety@www.southcoastsurety.com.

What Our Customers Have to Say

I have processed 2 defective title bonds through South Coast Surety and I am the type that gets worried for any little detail and want to make sure everything is done correctly the first time to prevent double work for myself and everybody. Knowing how I am both times I had to call customer service and they answered every little question I had in a very nice and gratifying way that made me feel I would not have any problems in which I did not. South Coast Surety has the ultimate best customer service.

5 Star Review

Gaby - CA
May 2019

Quotation Mark

I was shopping for a surety bond for the first time and having trouble communicating with several different companies. When I contacted South Coast Surety they responded quickly and performed the transaction quick and easy. I might have been able to find a lower price, but their professionalism was worth a couple extra dollars.

5 Star Review

KG C. - CA
April 2019

Quotation Mark

We are opening up a Mental Health Residential Treatment Center and needed a Surety bond since we will be handling some clients cash resources. I reached out to South Coast Surety, they sent me an application, paid our premium and had our bond sent to us immediately. Everyone I spoke to and emailed was courteous, attentive and responded very quickly. We will most definitely continue to get all of our bond services from South Coast.

5 Star Review

John F. - CA
September 2021

Quotation Mark

Great customer service from South Coast Surety. When I had questions about the bond and process, their customer service team assisted me with a sense of urgency and answered my questions. I recommend using their services. I will be a returning customer.

5 Star Review

P&C B. - CA
April 2021

Quotation Mark

I needed a surety bond and was referred by another company to south coast. I am very impressed with the level of customer service in every stage of issuing the bond, the rapid response to the get the bond issued and communication with the team. Great team and awesome service. I highly recommend South Coast Surety for you bond needs.

5 Star Review

Mirwais A. - CA
March 2021

Quotation Mark

I was in need of obtaining my CA Insurance Bond. I was able to obtain my required Bond quote online within minutes. I approved the quote and requested the Bond to be issued. On the same day, I received the Evidence of Coverage. Could not ask for better pricing or better service. I highly recommend South Coast Surety to meet a wide range of Bonding needs.

5 Star Review

Udo G. - NJ
January 2018

Quotation Mark

Celebrating 25 Years of Committed Surety Service

South Coast Surety has been proudly providing surety support to all fifty U.S. states for twenty years. Starting out as a small agency with a dream in San Clemente, California, we have steadily grown into one of the largest bond-only agencies in the nation. We write all commercial bonds and contract bonds for every American business and industry. Our greatest achievement is helping our clients grow their business alongside our own through coaching and obtaining larger bonding limits at the best rates. We work hard for our clients and take pride in bonding businesses that have been declined by our competitors.

South Coast Surety 25 Years
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