Surety Bond Agency BondsExpress.com Unveils Performance Bond Program Changes That Provide Contractors Faster, Easier Bond Approval
Syracuse, NY (PRWEB) July 16, 2013 -- BondsExpress.com, a leading national surety bond agency based in New York, is announcing significant improvements to a contractor performance bond program. The improvements and changes enable contractors with preferred credit to get 24-hour approval on bonds up to $350,000 and includes a bid bond at no additional charge.
The program, available in all states for applicants with preferred credit scores, now also allows a contractor to submit an application without submitting financials.
“This is a significant improvement,” said Ralf Rigo, owner of BondsExpress.com. “Most contractors, especially those who might be trying to get a contract for a government or school job, don’t want to have to deal with the hassle of getting their financial statements to us. This allows those who already have optimal credit scores to streamline the process and get their application approved quickly.”
Important changes to the program, according to Rigo, include an increase in the bond limit amount of up to $350,000 for a single contract or up to $700,000 for aggregate; the inclusion of a bid bond at no additional charge; delivery of bonds in 24 to 48 hours after the application has been submitted, with same day service available; and of course, the elimination of required financial statements to apply.
“We have multiple programs for performance bonds for contractors – we like to make it as easy as possible for a contractor to get the bond they need so they can ultimately get the contracts they want,” Rigo explained. “To that end, we have programs that cover the spectrum of financial history and credit scores… and this is the latest unique offering we have to increase that range and offer a faster, easier application and approval process to contractors with good credit.”
According to the Small Business Association, federal construction contracts valued at $150,000 or more require the contractor to have a surety bond in place. Many times this includes the requirement of both a license bond and a performance bond. Most non-federal government jobs have similar requirements as well as some private jobs.
According to Rigo, “Those larger contracting jobs are sometimes considered the ideal jobs for a contractor to take – and we want to make it as fast and easy as possible for them to meet the requirements issued by the hiring entity to allow them to take the job.”
For more information about the updates to the contractor performance bond program offered by BondsExpress.com, visit http://www.bondsexpress.com/performance-bonds/ or call toll free 1-888-519-2182 to speak to a BondsExpress.com representative.
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About Bonds Express
BondsExpress Surety and Insurance Agency also known as BondsExpress.com was started in Syracuse, NY, 46 years ago by Ralf Rigo as an insurance and surety bond provider. The agency grew to five offices statewide and is now consolidated into one office to provide web-based, nationwide surety bond services.
The company's focus has always been on customer service and the presentation of innovative products that offer value and convenience, including surety bonds for most needs. The team at BondsExpress.com believes in providing a fast, easy-to-use surety bond service that offers as broad a bond selection as possible.
Press Contact:
Ralf Rigo
BondsExpress.com - Surety Bonds
1937 Teall Avenue
Syracuse, NY 13206
315-437-4283 local
888-519-2182 toll free
877-824-8668 fax
Ralf Rigo, BondsExpress.com, http://www.BondsExpress.com/, 315-437-4283, [email protected]
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