Home - CBMS of WA, Inc

Time 2021-04-16 07:11:45

Web Name: Home - CBMS of WA, Inc

WebSite: http://www.cbmsofwa.com

ID:170208

Keywords:

CBMS,Home,of,

Description:

Since 1980, our mission has been to build a team of professionals committed to providing surety bond credit to contractors. Our experience and superior service set us apart from other agents and brokers. Over the years, CB MS has developed proven innovative methods of working with both the client and surety markets that we represent.YOUR vision is our vision; our continued success would not be possible without the support and partnership of the contractors we serve. Our goal is to become actively engaged in assisting our clients meet and maintain their surety bond requirements. You will quickly realize that CB MS s primary focus is on building relationships and becoming your biggest advocate. CB MS is confident that we will have a positive impact on your business and ultimately your bottom line. Surety Bonds are not insurance. Securing Surety Bond Credit is similar to applying for a loan through a bank. Learn More Getting started with CB&MS is easy! View checklists and forms designed to assist you in applying for Surety Bond Credit and start requesting Bid, Performance and Payment Bonds today. Start Now CB&MS has successfully placed many bonds for clients on projects ranging from large commercial work to private contracts. View Projects Surety bonding is not insurance. Insurance is a pooling of risk where a group of people contribute to a common fund which is used to pay losses sustained by individual participants. Surety, on the other hand, is a contract where one party, the surety, guarantees the acts or promises of another party, the contractor (or principal), to a third party, the owner (or obligee). The only similarity between insurance and surety is that both industries call the fees they charge premiums. Obtaining Surety Bond Credit is similar to applying for a loan through a bank. Both a banker and a surety underwriter want assurance that the contractor can perform with no loss to themselves. The information requested by surety bond underwriters allows them to analyze a company and make a decision as to whether or not to extend credit, and in what amount. Integrity, skill, and financial resources are the key components to this decision.CB MS will present this information to bonding companies in a manner designed to maximize your bonding credit. We are knowledgeable with contractual terms and conditions and can offer recommendations on other professionals such as accountants, bankers or attorneys.In our “Forms” section, we have specifically outlined the information required by the surety. While this process may seem complicated we hope the information found on our website will simplify the process. CB MS is a recognized leader in providing Performance and Payment Bonds. We are staffed with a team of professionals who understand construction and the challenges faced by contractors in today s marketplace. Our experience and reputation offers access to several surety markets along with personal assistance to help you maximize your bond credit at the lowest possible cost. By listening to your needs and concerns, visiting your office and job sites and even meeting with other professionals associated with your business​ By thoroughly reviewing the bond process with you so you know what to expect. No more guesswork! No more surprises!​ By getting a clear understanding of your experience, expertise and operations we then prepare a professional submission of your information for a surety to review.​ By having the authority to issue many bonds from within our agency. No need to wait for your Agent or Broker to discuss your bonding needs with an underwriter! To have your bonds placed with a stable and financially secure surety company that understands the construction industry. All the companies we represent are rated A- or better by A.M. Best. To have your account consistently updated to assure you are receiving the maximum bonding capacity at the most competitive rates available. Whenever possible, submit the Bid Bond Order three days prior to the bid in order to process your request and arrange for delivery to you. Refer to the checklist for clarification of requested information. Submit Online Submit completed form along with a Copy of Contract, Bid Results and any owner required Bond Forms. Submit Online Provide for all principal owners or partners, dated concurrently with the companies’ fiscal year end report. Download Form Please complete thoroughly. We will notify you of the status of your application usually within 24-48 hours. Contact us if you have any questions regarding our license bond program. Submit Online Washington State School for the Blind New Physical Education CenterProject Value $9,000,000

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