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surety bond cost

Factors That Will Impact Your Surety Costs

It is known by many that several factors may hinder your surety bond cost. As a construction business bidding for contracts, it is essential to control and regulate the surety cost.

In this article, we have come up with some of the factors you need to know to help remain at par with controlling the surety cost. These factors include:

• Financial statements
• Liquid assets
• Industry experience
• Bad credit
• Location

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Surety AssociationThe Surety Association of Canada (SAC) is the national trade advocacy association that represents the interests of the surety industry across Canada. Its members consist of primary surety firms, surety reinsurers, surety/insurance brokers, and other organizations that provide related and complementary services to the surety industry

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