Project threshold amounts for new single prime contracting process

I wish to make you aware of concerns that the National Association of Surety Bond Producers (NASBP), a national trade organization of professional surety bond producers, whose membership includes firms employing licensed surety bond producers placing bid, performance, and payment bonds throughout the United States, including Wisconsin, has regarding the DOA’s policy of reducing the bonding capacity of qualified contractors. This policy appears to supplant the function and role of the surety underwriter, who, before issuing surety credit, conducts a thorough prequalification assessment of the contractor’s business operations.

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