Surety Bonding
Unlock greater opportunities with CapStream’s unique bonding program, designed to
boost your financial strength and streamline your bid process for success.
Surety bonding in construction is a financial guarantee that contractors will adhere to the terms of a contract,
ensuring project completion and payment to all parties involved. It involves three key entities: the contractor
(principal), the project owner (obligee), and the surety company that backs the bond. This bond serves as a risk
mitigation tool, providing project owners with confidence in the contractor’s ability to deliver, which is particularly
crucial when bidding on public and private sector projects. By obtaining a surety bond, contractors can enhance
their credibility and demonstrate financial stability, which can be a competitive advantage in the bidding process.
Additionally, surety bonds help maintain a transparent bidding environment, protecting project owners from
potential default and associated financial losses.
What is
Surety
Bonding?
Create a profile to start a
bonding line
Unlock greater bonding potential with a streamlined profile that showcases your
contracting expertise and job history, leading to a stronger financial position.
- Details: Provide your contracting experience, company ownership, and financials.
- Purpose: To underwrite your bonding program based on expertise and largest jobs completed
- Outcome: Receive a project financing commitment to enhance your balance sheet3.
- Benefit: Qualify for a larger bonding program than traditional sureties offer.
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Bid Bonds
Gain the ability to secure bid bonds swiftly, often within 24 hours, thanks to a pre-
established CapStream profile, simplifying the bidding process for your projects.
- Process: Obtain bid bonds within 24 hours after establishing your bonding.
- Requirement: Submit bid details and an estimated job cost breakdown.
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Payment and Performance Bonds
Access both payment and performance bonds, ensuring full protection and support
throughout your contracting endeavors.
- Final Step: Similar to the bonding line, share necessary financial and job details.
- Result: Get underwritten for payment and performance bonds with a turnaround time of up to 3 days.
Surety Bond Amount
$5k-$10M
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Issuing Time
Up to 3 days
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Bond Cost
2.6-31%
What Information Will I
Need?
- Business Financial Statements
- Business Tax Returns
- Personal Tax Returns
- Overview of Completed Jobs
- Details bid or contract information