48 Hour Checklist

 

Contract Bonds

WHAT WE NEED***
Bonds from $0-$50,000:
  • Name, Address, and Social Security # for each owner and spouse.
Bonds from $50,000-$100,000:
  • Name, Address, and Social Security # for each owner and spouse.
  • Last year-end business Tax Return and/or CPA prepared financial statement.
  • 48 hour personal financial statement.
  • 48 hour questionnaire.
Bonds from $100,000-$250,000:
  • Name, Address, and Social Security # for each owner and spouse.
  • Last year-end business Tax Return and/or CPA prepared financial statement.
  • Verifications of Cash, Accounts Receivable and Accounts Payable.
  • 48 hour personal financial statement.
  • 48 hour questionnaire.
  • 48 hour work on hand schedule.
Bonds from $250,000 and over:
  • Name, Address, and Social Security # for each owner and spouse.
  • Last 3 years CPA prepared accrual or percentage of completion financial statements (review preferred). Provide business tax returns if CPA financial statements are not available.
  • Verifications of Cash, Accounts Receivable and Accounts Payable.
  • 48 hour personal financial statement.
  • 48 hour questionnaire.
  • 48 hour work on hand schedule.
  • Bank reference letter.
*** DEPENDING ON THE ANALYSIS OF THE INFORMATION PROVIDED, ADDITIONAL DOCUMENTS MAY BE REQUIRED.



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