First Standard Asurety, LLLP provides surety support for contractors, owners, developers, and project stakeholders requiring bond review and project-specific surety documentation.
Bid bonds support a contractor's bid submission and may be required by public or private owners. The application collects project details, bid amount, obligee information, solicitation number, bid date, bond percentage or penal sum, and required bond form.
Performance bonds support completion of contract obligations according to the contract terms. The application collects contract amount, scope of work, project schedule, owner/obligee information, contractor experience, prior project references, and proposed bond form.
Payment bonds support payment obligations to subcontractors, laborers, and suppliers according to the bond and contract terms. The application collects contract amount, payment bond amount, project owner, prime contractor or subcontractor information, scope of work, and contract documents.
Certain business or project obligations may require a financial guarantee or collateral-backed support instrument. Each request is reviewed individually based on the specific obligation, collateral available, and applicable requirements.
Certain bonds may be supported by individual surety arrangements and pledged eligible assets, subject to applicable law, underwriting, and obligee review. Federal submissions are evaluated under FAR 28.203 and related individual surety requirements.
Submission of an application or supporting documents does not constitute approval, issuance, or a commitment to provide a bond. All requests are subject to underwriting review, document review, applicable legal requirements, obligee acceptance, and final surety approval.