Now Offering Bonds Through a “T-Listed” Surety
At Cinium, we’re excited to announce we will now be able to write surety bonds for your clients for projects that require a U.S. Treasury Listed or “T-Listed” surety. It will also allow us to expand our bonding limits for qualified contractor clients.
This is now possible through our new partnership with Accredited Surety and Casualty Company, Inc.
What Does “T-Listed” Mean?
According to A.M. Best rating agency:
“Since many construction projects involve federal funding, companies that have complied with the laws and regulations of the U.S. Department of the Treasury are listed as acceptable sureties on federal bonds under Title 31 U.S.C. 9304-9308 of the United States Code. This treasury listing is commonly referred to as the “T-Listing.” This allows the surety to insure contractors involved with federal projects.”
What are the Benefits?
Offering these bonds from a “T-Listed” surety allows us to greatly expand the types of projects that your contractor clients can bid on. Specifically, they can take advantage of opportunities related to federally funded projects.
These can include:
- Military Bases
- Projects on Federal Lands
- Federal Buildings
- Federally Funded City Projects
- Disaster Relief Construction
Our contractors will also be able to bid on a growing number of private, state and municipally funded projects that require a bond from a “T-Listed” surety.
Given the recent emphasis on increased spending for infrastructure projects, we anticipate that this will be an aggressively growing segment of the market. With this partnership, we can help your clients to take advantage of these new opportunities.
Of course, everything else that you know and love about working with Cinium will stay the same. We will still be able to offer your clients the same competitive bonding in the non-standard market, Project Accounting services, approved Requisition Cash Advances and Discounted Payroll Services.
The only difference is that we can offer these services on a broader range of projects. This helps your contractor clients to stay competitive and helps you to grow your business.
According to Cinium CEO Jeffrey Camp:
“All of us are very excited to work with Accredited Surety and Casualty. We’re looking forward to a long and prosperous relationship with such a reputable company and appreciate the opportunities ahead of us. In particular, we’re excited by the potential to provide bonds to contractors for a broader range of state, federal and privately funded projects.”
About Accredited Surety and Casualty Company, Inc.
Accredited is licensed in all 50 states and the District of Columbia. The company has been rated “A-” (Excellent) by A.M. Best for more than 36 consecutive years, is Treasury listed by the United States to write Federal Bonds, and also specializes in writing Child Custody Bonds and Notary Bonds.
For more information, visit the Accredited website.
Want to learn more about the other features of Cinium’s Contractor Credit Program? Download our free guide.
Ready to put Cinium’s experience to work for you? Schedule a free consultation today, or give us a call at (855) 4-CINIUM.