Bonding

Our Bond Team Knows How to Obtain Increased Bonding Capacity for You

Our experienced bond professionals on the bond team at MHBT are ready to help you present your case for increased bonding capacity to the surety market place. We help you gather and assimilate the necessary information in a format that is effective in presenting your case to a surety company.

In order to do this, we need to spend time with you, understanding your operation, your organization and the type and size of jobs you have done. What is your business plan for the future in terms of the size of jobs and work program that are necessary to meet your goals? We will gather your financial information and detailed job-cost information and put it together in an analyzed format that will make it easy for a bond underwriter to understand your company and its financial position.

Because we represent virtually all of the major surety markets, we are then able to match your operation to a surety company that likes to work with firms like yours.

Our experienced bond account managers are able to review your contracts and point out issues and onerous terms you should address. Because of our involvement in your industry, we are able to gather information for you about other companies and help you in the selection of subcontractors or joint venture partners. Once you are set up with a surety company, we handle your day-to-day need for bid bonds and final bonds.

We review the periodic financial information you send us prior to submitting it to the surety so we can tweak it to avoid any problems in interpretation by them. We meet with you and the bonding company to keep them informed of your progress and your needs. We are available to develop a plan with your CPA and help them and you balance the need to reduce taxes versus the need to retain net worth and liquidity in the company for growth.

To set up a free review of your bonding situation, call Susan at 972-770-1408 or email susan_thompson [at] mhbt [dot] com.