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Your First Bond?

Trying to obtain your first bond can at times be frustrating. Once successful you will have made your company more competitive. Simply stated, a surety bond is an agreement under which one party, the surety, guarantees to another party, the owner, that you, the contractor, will perform a contract in accordance with the contract documents.

 

We specialize in writing first bonds. We are proud of the companies that we have grown with over the years. The first step is to complete the attached Contractors Questionnaire. Please forward as much of the information requested at the end of the questionnaire.

 

If you have an immediate bond need and it’s under $250,000 complete the FAST-Track form (*Rate for FAST-Track is $30 per thousand of the contract price). Often times we can write bid and final bonds just on Corp and Personal credit reports.

 

We look forward to working with you. Please click here for the informational booklet "Your First Bond", a blueprint for contractors establishing a bond program.

DCAM and MassDOT Prequalification

Confusing and time consuming, but we can help!!

 

DCAM (Dept of Capital Asset Management) - Click here to visit the DCAM web site which will help you get started. 

 

MassDOT - Let us assist you, Click here to visit their website and obtain information on how to prequalify.

 

   

 


 

 

Contact our Bond Department at: Bonds@phillipsinsurance.com