CBIC

surety center

"UNDER 200" PROGRAM
Performance Bonds Up To $200,000

Streamlined Questionnaire, Flexible Underwriting, Minimal Paperwork, Competitive Rates and Commissions, Quick Turnaround

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The UNDER 200 Performance Bond Program for bonds up to $200,000 is aimed at emerging contractors who have never had or infrequently need a contract bond. This program relies more on a contractor's experience, credit reports and liquidity rather than on expensive CPA prepared financial statements. Ask a CBIC Contract Bond Specialist for an UNDER 200 Program Kit. It contains all the necessary forms and information you will need.

Please Provide The Following Upon Submission:

COMPLETED UNDER 200 APPLICATION (See Documents in the Download Center)
COMPANY FINANCIAL STATEMENTS Last fiscal year end and company statement less than six months old. Both balance sheet and income statement.
CURRENT PERSONAL FINANCIAL STATEMENT for each owner.
INVITATION TO BID or copy of the contract with any bond form required.

PREMIUM RATES

CBIC offers competitive rates for all contract surety programs. Contact your local CBIC Contract Bond Specialist for details.