Bonding is not insurance, it is a financial relationship. Suretyship is the pledge of one party (the Surety) to another party (the Obligee) that a third party (the Principal) will faithfully perform its obligations in an underlying contract between the Obligee and the Principal. The Surety guarantees that a contractor will build a project for the owner in accordance with the construction contract. Project owners obtain a number of benefits from surety bonds, the most important is, assurance the project will be completed and the completed project will be free of supplier and subcontractor liens.

      Kapnick Surety Services

• Bonding strategies
• Financial analysis
• Surety submission preparation
• Bond negotiations and placements
• Indemnity analysis
• Subcontractor risk transfer analysis
• Bond claim advice
• Strategies to increase surety capacity
• Strategies to reduce surety cost