Means By Which Sureties Evaluate a Contractor's Financial Stability.
Abstract
There are alarming statistics on the growing number of construction company failures and the tremendous losses inposed on the public. This report considers one particular area of construction contracting that often is a determining factor as to whether a contractor will get the chance to bid on a project or not. This decision is most often made by a surety bonding officer. The purpose of this paper is to try to inform those contemplating getting into construction or those just starting out, exactly what it is that they will be required to provide when applying for a bond, and on what basis they and their corporations will be evaluated during that bonding process. Data for this paper were complied by mail survey, by personal interview and through extensive literature research. The paper includes formation on the preceived needs of sureties and ends with a hypothetical conclusion of how the results of this study might be applied in the construction/bonding field. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 1985
- Accession Number
- ADA161498
Entities
People
- Matthew L. Mlekush
Organizations
- University of Washington