Bonds

The assessment and mitigation of risk is critical to the success of any operation. Many times this risk is best addressed through the use of a Surety Bond. A surety bond is a written agreement that provides assurance from a financially stable entity (Surety Company) to the bond holder (Obligee) that the principal (contractor, business owner) will perform the acts set forth by law or contract as promised. There are many different types of surety bonds, but the two general categories are Contract and Commercial surety bonds.

Contract Surety Bonds are those associated with construction projects. These can take the form of Bid Bonds, Performance Bonds, Payment Bonds or Supply Bonds. Commercial Surety Bonds encompass many types of bonds in areas other than construction including Court Bonds, License/Permit Bonds, Subdivision Bonds and Public Official Bonds.

No matter the need, The Crichton Group has the expertise and Surety Company relationships to handle the job professionally and quickly. Our capabilities are further enhanced by our involvement in industry related groups such as ABC, AGC, CFMA, RIMS, IRMI and TRBA. As our industry becomes more automated, we are embracing this opportunity by subscribing to web-based bidding opportunities through Surety2000.

The Crichton Group has the expertise and relationships to provide you with the Surety Bond support you need. Please contact Charlie Royse at (615) 687-2812 or croyse@cbjw.net to find out more.