What is a Construction Bond Program Or Bond Capacity?
Whether you're an emerging construction company just starting to bid on larger projects or you're looking to take the next step into even larger projects, it's good to understand what a bond program is.
This is often called bond capacity even though "real" bond capacity is a little different.
In this video you'll understand what it means to be pre-approved for construction bonds like a performance and payment bond and why that will help you bid more confidently and win more projects.
Use the timestamps to skip round and rewatch key sections:
- 00:20 - What is a Bonding Program or Bonding Capacity?
- 00:51 - Why is Bonding Capacity So Important?
- 01:04 - What Does Your Surety Provider Help You Accomplish?
- 01:19 - How Being Pre-approved for a Bond Limit Works
- 02:05 - The 3 C's of a Larger Bonding Program
- 02:35 - How To Get Setup With Your First Construction Bonding Program
Learn the difference between a bid bond and a performance bond and how they work together and how you can start winning bids on projects.
What is a Construction Bid Bond?
Learn what a bid bond is for a construction project and why you have to get one. Plus learn how to get pre-approved for the construction bonds you need.
What is a Construction Performance Bond?
Learn what and how a performance bond works in a construction project. Once you understand this we'll help you get pre-approved for a construction bond program.
Learn how a bid bond works for a construction project. Plus learn the other bonds you'll need to get approved for when you purchase your bid bond.
What is a Performance Bond in Construction
Learn the role or performance bonds in construction projects. Learn what the bond is, why it's required, and how you can purchase yours and save money!
What Is Construction Bonding Capacity?
If you're an emerging construction company you will want to establish a bond program and this includes getting your bond capacity. Here's how to do that.
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