OUR MISSION AND VISION
Since 1980, our mission has been to establish a team of professionals committed to providing surety bond credit to contractors. Our superior service and experience set us apart from other agencies. CB&MS develops creative and innovative methods in obtaining your surety credit.
Our experienced team of bond experts value your business. We build strong relationships based on character, integrity and respect. Our customers and the surety bond markets we represent live by these values too.
Your vision is our vision. Our continued success could not have been possible without the vision of the contractors we serve. Our goal is to become actively engaged in meeting our clients bonding needs. We are confident we will have a positve impact on your business and ultimately your profitability.
Let us share in your vision!
SURETY BOND CREDIT
Surety bonding is not insurance. Insurance is a pooling of risk where a group of people contribute to a common fund which is used to pay losses sustained by individual participants. Surety, on the other hand, is a contract where one party, the surety, guarantees the acts or promises of another party, the contractor (or principal), to a third party, the owner (or obligee). The only similarity between insurance and surety is that both industries' call the fees they charge "premiums."
Obtaining Surety Bond Credit is similar to applying for a loan through a bank. Both a banker and a surety underwriter want assurance that the contractor can perform with no loss to themselves. The information requested by surety bond underwriters allows them to analyze a company and make a decision as to whether or not to extend credit, and in what amount. Integrity, skill, and financial resources are the key components to this decision.
CB&MS will interpret this information to bonding companies in a manner designed to maximize your bonding credit. We are conversant with contractual terms and conditions and can offer recommendations on other professionals such as accountants, bankers or attorneys.
We have specifically outlined the information required by the surety. While this process may seem complicated we hope the following information will simplify the process. You will find various forms to accommodate your need while applying for Surety Bond Credit through our agency. Or click here for our on-line forms.
SERVICE TO OUR CLIENTS
CB&MS is a recognized leader in providing Performance and Payment Bonds. We are staffed with a team of professionals who understand construction and the challenges faced by contractors in today's marketplace. Our experience and reputation offers access to several surety markets along with personal assistance to help you maximize your bond credit at the lowest possible cost.
How We Do It
What You Should Expect
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Copyright © 2003, Construction Bonding and Management Services of Washington, Inc.