Contractor Bond Program Review
Find Out What's Really Holding Your Bonding Capacity Back
If your bond program isn't keeping pace with your business — if you've hit a capacity ceiling, had a bond declined, or your current broker can't tell you why your limits aren't growing — it's time for a real evaluation.
Our Contractor Bond Program Review is a comprehensive 60-minute assessment of your current bonding position. We look at the full picture: your financial strength, your accounting practices, your advisor relationships, your work program, and your existing bond program. Then we tell you honestly where you stand and exactly what it will take to grow.
This isn't a sales call. It's a real review from advisors who understand how surety underwriters think.
What We Evaluate
Your Current Bond Program
We start with where you are today. We review your existing program structure including your per-project and aggregate limits, your largest bond obtained, your current surety carrier, and any claims or declinations on record. Understanding your current program is the baseline for everything else.
Financial Strength and Reporting
The foundation of every bond program is financial strength. We evaluate the type of accounting your business uses — whether that's percentage of completion under Topic 606, accrual basis, completed contract, or cash basis. We look at how your financial statements are prepared — audited, reviewed, or compiled — and the timing of your interim statements. We then analyze the key metrics surety underwriters focus on: working capital, profitability, retained earnings, and the financial ratios that determine your bonding capacity.
Work Program and Project Management
Sureties don't just evaluate your finances — they evaluate your ability to perform. We review your Work in Progress schedules and reporting, completed job schedules, retention schedules, percentage of receivables held as retention, project profitability, backlog and work on hand reporting, and your largest completed projects. This gives us a clear picture of your operational capacity and how underwriters will assess your ability to complete bonded work.
Financial Leadership and Advisor Relationships
Sureties evaluate the team behind your numbers as much as the numbers themselves. We look at your financial leadership structure — from CFO-level oversight to basic bookkeeping — and your relationships with construction-experienced advisors including your CPA, banker or lender, construction attorney, and fractional CFO. We also review whether you have a perpetuation or succession plan in place. Sureties increasingly require this from established contractors because their exposure doesn't end if something happens to the principal — bonded projects still need to be completed.
What Financial Records We'll Want to Review
To conduct a thorough review we'll ask for the following where available. Don't have everything on this list? Bring what you have — we'll identify the gaps together.
- Three years of CPA-prepared financial statements
- Corporate tax returns — three years
- Current Work in Progress and backlog reports
- Accounts receivable and aging report
- Interim financial statements
- Personal financial statement
- Bank letters of reference
- Current bond program details including any recent surety correspondence
- Subsidiary financials that may impact your overall program
You can upload documents in advance using our secure document submission page after scheduling your review.
What You Walk Away With
At the end of your Bond Program Review you'll have:
A Clear Picture of Where You Stand No vague feedback. No generic advice. A specific assessment of your current bonding position including what's working and what's holding you back.
An Honest Capacity Analysis We'll tell you exactly what your financials, work program, and advisor relationships look like through the eyes of a surety underwriter — and where the gaps are.
A Specific Action Plan A prioritized set of recommendations for strengthening your position with surety underwriters and growing your bonding capacity over time.
A Long Term Advisory Relationship If you're ready to move your program to Grit we'll hit the ground running with everything we learned in the review. If you just want the insight and want to take it back to your current broker that's fine too. We'd rather earn your trust than pressure you into a decision.
Schedule Your Bond Program Review
Use the calendar below to find a time that works for you. Answer a few questions about your current program at booking and we'll come prepared with specific questions and insights for your situation.
After booking you'll receive a confirmation email with a link to upload any relevant documents before our meeting. The more information we have going in the more specific and useful your review will be.
Need a bond right away? [Get a Bond Quote] and our team will get to work immediately.