 Surety
Surety Bonds are a necessary part of the construction business as contractors need ready access to bid bonds to compete for work. Sounds simple enough, but anyone involved in the surety process knows that it can get complicated, especially in a tough economic environment.
A contractor’s financial condition should not disqualify a firm from attaining the bond it needs to compete. With more than 30 active surety relationships, HDH has the breadth and depth of market experience to find the right surety solution to meet a client’s needs.
Delivering Improved Service, Reduced Costs
Our experience translates into better service and reduced costs for our clients. For new clients, we reduce the time and effort involved in collecting and submitting your bid request data. For existing clients, HDH maintains a complete and updated surety profile so we can deliver accelerated turnaround times on your bid requests. We understand the nature of the bid process and work with clients to enable them to submit bids promptly so they can seize opportunities as they arise.
HDH Surety Services
- Analyzing past performance
- Reviewing financial statements, work-in-progress reports, and other relevant data
- Preparing detailed underwriting submission
- Maximizing surety capacity
- Negotiating with surety companies
- Establishing Surety Lines of Credit
- Facilitating direct client relationships with surety providers
- Establishing secondary surety relationships
- Responding promptly to all bond requests
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