For over 30 years, our parent company, Bold Concepts® has been enhancing the growth of small businesses. Bold Concepts has prided itself on providing comprehensive services for Small Business (SB) General Contractors specializing in Federal Construction Programs. Bold Concepts works with various small businesses that have a variety of designations, such as:
Here at ACTIVBonding we also pride ourselves on providing enhanced bonding services for small business construction general contractors. Knowing the main characteristics that surety companies want to see in a small business is key to enhanced bonding.
When your business is supplemented with ACTIVBonding’s proven and established financial and operational resources, your bonding program will begin to grow immediately. Many of our clients have increased their bonding capacity ratios from an average of 10:1 to over 30+:1 immediately.
Contractual Indemnity under a Payment or Performance bond promises thatif a default occurs then one of the parties (Contractor) agrees to pay any sums the other party (Surety) might otherwise be legally required to pay to a third party (Obligee or Government).
Unfortunately, if a default occurs, the indemnitor’s first available assets will be seized by the surety to satisfy all costs associated with the default including attorney’s fees. Working diligently with ACTIVBonding to develop reasonable risk mitigation practices for all aspects of your growing construction business will be key to protecting the equity you worked so hard to obtain.
Bold Concepts' enhanced bonding program via ACTIVBonding assists in the accelerated growth and development of small business General Contractors. ACTIVBonding will work with you to develop reporting platforms and risk management techniques to allow for growth of your independent bonding program. Scheduling regular interactions with the bonding agent and surety to assist you with understanding how to speak their language will strengthen your character within the industry. We leverage a decades-long relationship with one of the nation's largest construction bonding brokers, thus allowing you to experience exceptional growth with the goal to sustain your programcapacity independently.