Exceptional Financial Strength and Capacity

Bonding Rate

0.5%

Bonding Capacity

$1.0 Billion single project

$2.0 Billion aggregate

The bonding rate of a contractor is generally accepted to be a measure of:

  • A contractors credit and financial strength
    (NESM has exceptional financial backing as a member of the Lyles Construction Group)
  • The type of financial statements maintained by the contractor
    (NESM financials are audited by an independent CPA every year)
  • A contractors past performance on projects
    (NESM has demonstrated superior performance on over 175 years of projects)

How a lower bonding rate saves a client money

Takeaway: In addition to mitigating risk, on a $5,000,000 package, a subcontractor whose bond rate is 0.50% will save a client $50,000 as compared to a contractor with a 1.50% bond rate. That is money that can applied elsewhere in furtherance of a clients mission.