Performance Bonds on a Fast Track

2 Steps for single project bonding needs of up to $400,000

Contract & Performance Bonds are provided by Surety Bond House exclusively through the CNA Surety FAST-Track Bond Program.

CNA Surety’s FAST-Track Bond Program is designed for contractors needing smaller bonds. FAST-Track is highly competitive and emphasizes timely service with streamlined underwriting.

FAST-Track Bonds include: • Bid or Proposal Bonds • Performance Bonds • Payment/Labor & Materials Bonds • Subcontract Payment and Performance Bonds • Maintenance Bonds • Supply Bonds • Annually Renewable Payment & Performance Bonds (Up to 5 years) • Letters of Bondability • Contractor (bonding) Prequalification

2 Steps / Done.

Step 1. Begin by completing the fillable FAST-Track App here.

Step 2. Complete the App and email it to info@suretybondhouse.com -

If you prefer to fax your App in: 914.368.0219

Once your Bond is issued, simply Pay online via account information or credit card utilizing CNA Surety ePAy

Below are the App guidelines for contract bond requests for up to *$400,000 for a single project or up to **$800,000 in aggregate projects.

* For Single Bonds or Aggregate Programs up to $400,000 • Complete Page 1 of the FAST-Track Application + the Signed Indemnity Agreement on Page 4.

** For Aggregate Programs in excess of $400,000 up to $800,000 • Complete Pages 1 & 2 of the FAST-Track Application, including the required financials + the Signed Indemnity Agreement on Page 4.

*** To pre-qualify for FAST-Track - simply complete and return Page 2 of the FAST-Track Contractor Prequalification App and you will be all set to go for your next project.

Contract Bond Products available on the FAST-Track App include:

• Bid or Proposal Bonds These bonds are used by owners to pre-qualify contractors submitting proposals on contracts. The coverage provided by a Bid or Proposal Bond is that the bidder, if awarded the contract within the time stipulated, will enter into the contract and furnish the prescribed Performance & Payment Bond(s). Default will ordinarily result in liability of the surety not to exceed the dollar value set forth in the bond for the difference between the amount of the principal's bid and the next low bidder who can qualify for the contract.

• Performance Bonds The coverage provided by a Performance Bond is that the principal will faithfully perform the terms and conditions of a written contract. These bonds frequently incorporate payment bond (labor and materials) and maintenance bond liability. This protects the owner from financial loss should the contractor fail to perform the contract in accordance with its terms and conditions.

• Payment/Labor & Materials Bonds The coverage provided by a Payment Bond or Labor & Material Bond is that the contractor will pay for certain labor and material used in the prosecution of the work which he is obliged to perform under the contract. Since liens may not be placed on public jobs, the payment bond may be the only protection for those supplying labor or materials to a public job.

• Maintenance Bonds The normal coverage provided by a Maintenance Bond is a guarantee against defective workmanship or materials for a specified period of time after a project is completed. Maintenance periods range from one to several years; however, the standard is one year.

• Supply Bonds Supply Bonds guarantee performance of a contract to furnish supplies or materials. In the event of a default by the supplier, the surety indemnifies the purchaser of the supplies against the resulting los

• Annually Renewable Payment & Performance Bonds (Up to 5 years)

• Letters of Bondability

• Subcontract Payment and Performance Bonds