F.A.Q
Find clarity on bid bonds, performance bonds, APGs, and Letters of Credit (LCs) with our expert-backed FAQs
For Contractors
We evaluate applications holistically. While scores above 650 are ideal, strong project history or collateral can offset lower scores.
Absolutely! We specialize in first-time contractor bonding, often using project-specific collateral instead of long credit history.
Typically matches your project timeline plus a 12-month warranty period. We offer extensions if delays occur
Common causes: cash flow gaps or scope changes. Our pre-bond financial review identifies risks upfront, reducing claim likelihood by 80%.
Fluctuates based on your claim history, workload, and market conditions. We’ll always explain changes and suggest cost-saving options.
For Importers/Exporters
LCs protect entire shipments; APGs secure advance payments. We’ll analyze your supplier relationship to recommend the best fit.
Standby LCs (used as backup) cost 1.5-3% annually; documentary LCs (for active shipments) charge 0.5-1.5% per transaction.
Yes – we enhance security with confirmed LCs through our global bank network, even for sanctioned regions (where permitted).
Our experts pre-check all docs to minimize rejections. If issues arise, we mediate with banks for swift resolution (avg. 72-hour fix)
We negotiate better LC terms, offer 24/7 support, and have direct relationships with a significant number of confirming banks for faster processing.
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