Contract Bonds

Thank you for your interest in N.S.B.A, Inc.’s contract bonding programs. I hope this site will be informative and useful for your bonding needs.

A contract bond is a three-party agreement, whereby the Surety guarantees to the Obligee (recipient of the service) that the contractor will perform in accordance with the contract and will pay their suppliers and subcontractors. In essence, suretyship is a personal and credit relationship.

Sufficient time is needed to carefully consider all aspects of your submission.

N.S.B.A, Inc. strives to have competitive turnaround but the more information you can provide with your submission, the sooner a decision can be made.

Please submit the following information for all contract related bond requests.

CONTRACTOR QUESTIONNAIRE NOTE:

BUSINESS FINANCIAL STATEMENTS (Provide copies of the company’s fiscal year end financial statement for the last three years. These statements must be prepared by a Certified Public Accountant. If the most recent year-end statement is older than 6 months, please include an interim statement not older than ninety days.

PERSONAL FINANCIAL STATEMENTS (all owners must provide a Personal Financial Statement).

WORK ON HAND SCHEDULE (Please provide a breakdown of ALL current jobs – bonded & unbonded.

REFERENCE LETTERS (from previous suppliers and owners)

CERTIFICATE OF INSURANCE (Commercial Coverage’s)

RESUMES (all owners and key employees must submit a resume)

BUSINESS PLAN

INDEMNITY AGREEMENT INFORMATION

View Indemnity Agreement

View Consumer Privacy Notice

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Contract Bonds