Surety and Bond Solutions to Keep You Working
Whether you run a small construction business or you’re an established general contractor that performs large projects, you want to work with an experienced professional who can help you find a solution that satisfies any surety bond requirements. With Basin Pacific, you get that—and more.
Basin Pacific has long-standing relationships with leading fidelity and surety companies. Our team will do a thorough examination of your business to determine which surety company best suits you.
With Basin Pacific, you can count on service that minimizes paperwork and focuses instead on ensuring a 24-hour turnaround on surety bond requests once your account is established with us. We look forward to being of service.
Some of the Surety Bonds We Offer
License & Permit Bonds
Public Official Bonds
Other Commercial & Contract Bonds
Surety Bonds In A Nutshell
A surety bond is a three-party contract comprised of the Surety, the Principal (contractor) and the Obligee (owner). The Principal promises to perform in accordance with its contractual obligations. Surety bonds used in construction are called Contract Surety Bonds.
A surety bond is there to ensure project completion within the terms of the contract. If a contractor experiences cash flow problems, the Surety may assist the contractor. If the contractor abandons the job, the Surety may replace the contractor.
Most surety companies are subs or divisions of insurance companies and both surety bonds, and insurance policies are regulated by state insurance departments. However, insurance policies are designed to compensate against unforeseen adverse events. Surety bonds are designed to guarantee the contractor’s contractual obligations. The Surety prequalifies the contractor based on financial strength and construction expertise. The bond is underwritten with little expectation of loss.
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Check out these recommendations from our current clients!
"Our company has been incredibly impressed with the personable service provided by Jared Haff at Basin Pacific. After dealing with several other bonding agents, we started working with Jared and he was able to more than triple our bonding capacity, allowing us to pursue more opportunities. Jared is quick to respond and get us everything we need. We are very happy to be working with Jared Haff at Basin Pacific!"
"Jared and the team at Basin Pacific have been extremely helpful and knowledgeable from the beginning and through the changes for us here at BnB Mechanical. We would highly recommend Basin Pacific."