Effective 2/12/2014, making the program available to a wider variety of projects. Contracts $250,000.00 and under may now be considered with up to a 2 year maintenance period and up to $1,000.00 in liquidated damages.
There is no credit minimum that disqualifies a contractor from this program if other underwriting criteria are met. This is a good way to develop a bond history for a contractor and prepare the contractor for larger bonded projects.
