• Reputation and experience
  To establish reputation and/or experience, we recommend including in the documentation any industry and credit referees, quality assurance and past projects, as well as relevant photographs and brochures.

• Finances
  The importance of financial reporting cannot be overstated, so make sure this documentation is prepared in proper form by a chartered accountant. Plus, bond providers often require continuous reporting during the course of the year, to track your progress. Over time, good financial progress and reporting can enhance your ability to obtain additional bond limits.

• Personal financial statements
  Alongside your business’ financial statements, the bond provider will also ask for personal financial statements of the individual owner (or owners). This will help the provider assess if the applicant has enough capacity to support the cash flow and funding needs of the business.

• Game plan and vision
  Having a sound and realistic game plan is key. Proof of this can include expertise in certain construction methods, proven abilities in value engineering, and even a close relationship with certain project owners. The provider will also assess your point of view toward bidding, obtaining work, and taking risks.
  

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