We now have available to us, an “A” rated Underwriter who will consider providing security under a contract for one off Bonds with no requirement of, first, establishing a Surety Bond Facility.

Apart from good financials and a proven track record, the main criteria is that net tangible assets of the company be at least double the amount of the security required.

The current list of accepted beneficiaries are :

State and Federal Entities
Local Councils
State Agencies
Water Authorities
Port Authorities

The list of beneficiaries will be expanded over time.