Sacramento, CA (PRWEB) June 03, 2012
Surety Solutions Insurance Services, Inc. (Surety1), is a Rancho Cordova, California based independent insurance agency. The staff at Surety1 are specialists in obtaining surety credit for contractors participating in the federal government 8a program. Working closely with the surety companies it represents, Surety1 can find the market that is the best fit for the emerging 8a contractor.
The 8a program is administered through the Small Business Administration and is nine years long. The program has 2 phases: the first four years are to help the company grow then the last five years are the transitional period meant to help the companies go out into the workplace and be successful. When people hear of the 8a program, they often think of construction companies. While there are many construction companies working to go into the 8a program, the program is good for many different types of businesses.
The purpose of the program is help small business get federal government contracts whether it's installing new computer software, re-roof a military base or providing medical consulting services, the federal government spends millions of dollars on these types of services every year.
One issue that people do run it into is being able to provide the surety bonding required on the federal contracts. Performance and Payment Bonds are normally required on construction projects but they can also be required on service contracts such as janitorial, IT support, or landscaping. If the company is doing well in the program and being required to get bonds often then we recommend getting a bond line established to make bonding the individual projects faster.
Surety Solutions Insurance Services, Inc. (Surety1) is an independent insurance agency based in Rancho Cordova California, specializing in the placement of surety bonds and other specialty insurance products.
For more information on obtaining a Performance Surety Bond, you can contact Surety Solutions through its website, http://www.surety1.com, by calling toll free, at 877-654-2327 or e-mail, at info(at)surety1(dot)com
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