Benefits

Improves ongoing communication with surety companies which have issued subcontract bonds.

Enables participating surety companies to proactively react to a deteriorating situation with a bonded subcontractor.

Provides potential claimants on subcontract payment bonds efficient online process for alerting the subcontract surety of a potential claim, with notification to project participants.

Provides a unique risk matrix tool to complement existing administration resources.

Improving the underwriting environment to the surety markets will increase access to surety credit to a broader range of subcontractors and will help small and emerging contractors participate.

General Contractors that improve the underwriting environment to the surety markets will increase access to surety credit to a broader range of subcontractors and will help small and emerging contractors participate.

Improving the underwriting environment to a subcontractors surety market will increase access and capacity of surety credit available to that subcontractor.

Improves access to surety information for efficient communication of potential claims.

Improves access to underwriting information on upcoming bid opportunities.
Improves access to project data on bonded risks.
Provides monitoring services with risk matrix to flag potential problems.
Improves communication with potential payment bond claimants.
Provides improved engagement with project participants to achieve better risk mitigation.

Provides the ability to improve the credit facility made available to contractor clients that traditionally have the surety with a priority interest in project receivables.