Bonded Backlog at Capacity
Problem: Contractor was awarded a vital contract but bond backlog was at capacity
Solution: A back-up surety option was designed and the bond approved. The Contractor was able to perform the job.
Complicated City and County Bonds
Problem: Family-run business needed to place three subdivision bonds for the city when the projects were over 40% complete
Solution: An in-depth analysis of the financials, available references, and key indemnities enabled placement of the bonds in 5 days.
Financial Guarantee Performance Bonds in an uncertain economy
Problem: An Assisted Nursing Care owner faced with multiple bonds, history of negative earnings. They were facing surety cancellation and declines.
Solution: An in-depth review and onsite visit afforded bonding capacity with acceptable collateral support.
Liens on projects can stop your stream of income cold
Problem: Contractor-Owned closing delayed when an unqualified subcontractor was fired and filed a Mechanics Lien.
Solution: A comprehensive explanation of options gave the client the tools needed to proceed and file the required bond within 5 days.
Oil and Gas Asset Purchases require major venture capital, but are facilitated by a Performance Bond
Problem: An oil and gas operator struck a deal with an asset owner for a multi-lease buyout. Seller required $4,000,000 performance bond at closing.
Solution: A skilled review of reserve reports, audited financial, and the terms of sale made placing this 7 year bond commitment happen.
Please contact our office today, (713) 490-5440.