On behalf of the National Association of Surety Bond Producers (NASBP),1 I am contacting you to submit comments on the proposed revisions to the SBA’s Surety Bond Guarantee Program (Program). NASBP has a successful long-term working relationship with the SBA Office of Surety Guarantees and thoroughly believes that the Program provides a valuable service to those emerging contractors who may otherwise fail to qualify for surety credit in the standard market. NASBP lauds the SBA for continuing to make enhancements to the Program, which in turn has created greater opportunities for small and emerging contractors in obtaining bonding to bid on public construction projects and to grow their respective businesses.
Topic
Advocacy, Contract Surety, Small and Disadvantaged Business Matters
Publish Date
September 18, 2023
Region
Federal
Audience
Contractors, Owners
Resource Type
Comment Letter, Resource Map
NASBP Letter Addressing Locality Requirements in VA Bid Bond