UNDERWRITING PROCESS FOR CONSTRUCTION CONTRACT BONDS

This paper report the last of a 3-part study focusing on the surety industry, and is intended to enable project owners, design professionals, and construction contractors to better understand the factors used in the construction contract bond underwriting process. A previous paper discussed the underwriting process at macroscopic level and identified major considerations included in the evaluation process. The present paper outlines the significant considerations in the surety underwriting decsion process. The underwriting process is characterized by the evaluation of 4 factors, namely, character, capacity, capital, and continuity. Each of these areas is discussed in detail.

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  • Accession Number: 00621893
  • Record Type: Publication
  • Files: TRIS
  • Created Date: May 31 1992 12:00AM