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Construction bond letter sample

Construction bond letter sample 2026

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The document is a Bonding Capacity Certification Letter issued by the State Public Works Division for a contractor, detailing their bonding limits and requirements for bond issuance. It includes certification from a Surety Company regarding their authority and financial ratings, along with notarization and necessary attachments.

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Click ‘Get Form’ to open the construction bond letter sample in the editor.
Begin by entering the OWNER's details at the top of the form, including the State Public Works Division address and contact number.
Next, fill in the CONTRACTOR section with the firm name, address, city, state, zip code, and phone number.
In the bonding capacity section, input the single and aggregate limits for bonding as specified by your surety company.
Ensure that you include the A.M. Best Rating and Financial Size Category for your Surety Company.
Don’t forget to attach a Power of Attorney form and ensure that this document is notarized with an embossed stamp.
Finally, have an authorized representative sign and date the form before submission.

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Versions	Form popularity	Fillable & printable
2013	4.7 Satisfied (62 Votes)
2012	4.8 Satisfied (47 Votes)
2010	4.2 Satisfied (46 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How much is a 25,000 dollar surety bond?

$25,000 surety bonds typically cost 0.510% of the bond amount, or $125$2,500. Highly qualified applicants with strong credit might pay just $125 to $250, while an individual with poor credit will receive a higher rate.

What is a bonding letter in construction?

Sometimes called a statement of bondability or proof of bonding capacity, it is a letter from a surety provider that provides assurances to the project owner or general contractor that the person submitting the letter has been underwritten and is pre-approved for a bonding capacity necessary for the project.

How to get a bond for a construction project?

Essential Requirements for Securing a Construction Bond Getting a bid bond from the surety agent and submitting it with the proposal. If awarded a contract, approaching the agent for a performance bond. Completing the job. Getting a maintenance bond, if required, once the job is completed to do any repairs.

How much does Surety2000 cost?

Registration for Surety2000 is easy for contractors. Contractors can register online directly with Surety2000 for an annual fee of about $350.00.

What is the typical cost of a surety bond?

The cost of a surety bond is calculated as a small percentage of the total bond coverage amount typically 0.510%. This means a $10,000 bond policy may cost between $50 and $1,000. For applicants with strong credit, most bond rates are 0.54% of the bond amount.

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