IBCS Application Process
Construction Bonding | Financial Guarantees
If you are interested in finding out if you are eligible for one of our programs to receiver bonding from IBCS, you can get started today. Please print out our Checklist for Guarantee Applications to use as your guide.
Here's what we need from you in order to determine eligibility for our services:
Eligibility Requirements:
- Contractor's
Questionnaire completed.
- Bond Request
for project in question.
- Copy of current Insurance Certificate (all lines).
- Copy of current Workman's Compensation Insurance Certificate.
- Copy of CONTRACTORS LICENSE or ASSUMED
NAME CERTIFICATE (DBA).
- PERSONAL FINANCIAL STATEMENTS AND RESUMES of Owner,
Foreman and Superintendent
- LETTERS OF RECOMMENDATIONfrom Suppliers, Sub-Contractors,
Banks, past jobs and other places that have knowledge of your company's
credit worthiness. IMPORTANT: Sample
Reference and Performance Evaluation Form. Submit these to as
many companies as possible as they help establish the experience level
of your organization.
- Complete copies of the last three years COMPANY FINANCIAL
STATEMENTS including Balance Sheet and Profit & Loss
prepared by a CPA, or a complete copy of the last three years business
tax returns with all schedules attached.
- PERSONAL TAX STATEMENTS for the last year (entire
document).
- CORPORATION PAPERS along with certificate of good
standing from issuing state.
- UNDERWRITING FEE of $750 for all new accounts.
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Important PDFs
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Guarantee Application Checklist Letter