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Capacity Building and Education

Small Contractors Program

Companies that require bonds of less than $450,000 have many options. Many of the surety companies have one to two page applications that require no financial statements or documents, and therefore, require a limited amount of time to complete. If your company needs a Bid Bond or Payment and Performance Bond and the amount requested is less than $450,000, contact us and we will forward the appropriate application to you. In less than 24 hours we can provide a response, and once you receive approval from the Surety company, TCG can have a bond issued to you within 2-3 days. It is that simple!

Contact The Cayemitte Group. We have relationships with many of these program representatives and will find the one that is the best fit for you.

The Application Process is as follows:

  • Fill out the application – This will include basic questions on how long your company has been in business, personal information of all owners and spouses, current cash balances for bank accounts, type of projects you have completed and a few other items of information.
  • Send the application to The Cayemitte Group either by fax or email.
  • TCG submits the application to the Surety company.
  • We await a response – most of the time we receive a reply the same day.
  • After The Cayemitte Group receives an approval, we send a letter and have you sign the General Indemnity Agreement (if necessary).
  • Any requests for Bid Bonds or Final Bonds are then issued to your company.
Limitations Associated with these Programs:

These types of programs have guidelines as to the types of projects they will accept or “bond”. Most of the guidelines prohibit projects that have a duration of more than 12 months, have any exposure to asbestos or toxic materials, projects that are performed in, on, near or under water, and other such exclusions. In addition, these programs will not accept a company that has a bond still “open” or pending with a different surety company.

Some of these programs will not accept companies where the credit scores of the owners, principals or spouses are below a certain range, if there is a bankruptcy, tax lien or judgment outstanding against any owner or principal, or if the company has been in existence for less than one year.

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Responding to the Paradox
with a
Pioneering Solution

Building and Sustaining
Subcontractor Capacity
for the Future

Services

As a minority-owned and certified full-service insurance brokerage and surety bonding firm, The Cayemitte Group is proud to partner with each of its clients to assist in managing corporate risks and position firms for opportunity and growth. TCG’s multidisciplinary approach offers a wide range of strategic, advisory risk management and consulting services, including capital management support. Our unique area of specialty is the development and support of small, veteran, minority and women-owned business enterprises (MWVBEs) via financial and operational capacity-building and education programs to help access capital and open doors to opportunity.

We welcome you to explore how we can be of service to you.

Responding to the Paradox
with a
Pioneering Solution

Building and Sustaining
Subcontractor Capacity
for the Future