Getting a performance surety bond is a necessity for any contractor, especially in the construction sector. Most employers will require you to have this bond before hiring you as a show of your qualifications and ability to meet and exceed their needs. The construction sector is a competitive industry, and you got to do whatever you can to stay ahead of your competitors. It is the simple things you do that make you better and help you outstand among other service providers. Getting a performance surety bond should be on the list of those things.
However, getting the performance surety bond that will help you reach your goals and convince your employees that you are the one is the most challenging part. The first step towards getting a surety bond is to let experts help you. As easy as it might sound, obtaining a legally binding surety bond is a complex process. It requires knowledgeable personnel to navigate through the requirements and get a bond within the shortest period. However, with the increased number of surety bonds agents out there, selecting one that will meet your needs is the main challenge. To make it easier for you, here are a few tips to help you secure a contractor performance bond agent that you can entirely rely on.
You should never overlook the power of experience when selecting any service provider, and this case is not an exception. As mentioned, navigating through the performance bond requirements and procedures is a complex process that requires the ultimate skills and knowledge to be a success. You need someone who has done this for a long time. The longer the agent has been in the market, the higher the chances that s/he will meet your needs. Check if they have been in the market long enough to understand all about performance bond.
Are they certified?
Choosing the wrong broker can significantly increase your turnaround time and cost. This means that if you partner with the wrong broker without access to the necessary programs to get you approved, you will end up wasting so much of your time and money and have nothing at the end. If the agents are certified, it means that they meet all the requirements by the state and have been approved to offer these services. That is one sign that you can fully trust and rely on them to do whatever they can to see your performance bond approved. You can do an online license verification to ensure that the agent you are about to entrust with this is certified.
Their customer service
You can quickly tell if an agent is trustworthy, simply by checking their customer service. Excellent customer support is a sign that they value and care about their customers, and you can, therefore, count on them for whichever reason. Check how fast they respond to your texts or emails and how detailed they are when responding to your inquiries. Their support team should be friendly, accommodating, and willing to guide you even in every step.
Go for fast services
When looking for a surety bond, the last thing you want is someone who will make you wait for months before you are approved. Your work is at stake here, and the faster you obtain the performance bond, the better for you. You need it to help you lure customers and show them that you have what it takes to handle the project. You, therefore, need a bond provider who can process your request as possible and provide you with a comprehensive quote within 24 hours. This way, you will know where you stand and determine if you are eligible for the bond approval, based on your credit and other determining factors.
Whether you are starting a construction company, or want to enhance your already existing business, getting a performance bond is a significant step towards getting ahead of your competitors and increasing the chances of landing big projects. You, however, need to partner with the right provider to help you navigate through the demanding bonding process and ensure that you obtain your bond within the shortest period and at a reasonable price. With the mentioned tips, you will undoubtedly find the right performance bond provider to exceed your needs.