- 1114 W. 7th Ave, Ste. 240, Denver, CO 80204
- 720-258-6182
- tpatton@evergreensurety.com
Commercial bonds span a wide range of industrial and obligations. We specialize in large, complex facilities for middle and large market companies.
Plugging and abandonment bonds, reclamation bonds, offshore
Most obligations of energy producers are spelled out in regulations or statutes that govern the proper methods for drilling and operating a well.
The Bureau of Land Management (BLM) or the corresponding state agency will require the energy company to properly open wells or facilities, dispose of waste, and return the land to its natural state.
We have multiple access points to surety carriers that specialize in these types of bonds.
Site improvement or subdivision bonds are often required by municipalities to guarantee the successful completion of subdivisions or large-scale developments.
These bonds can be difficult to obtain as developers and homebuilders do not often produce standardized financial reports. That said, surety carriers have become more adept at underwriting disparate financial statements, and we have the experience and industry relationships to help developers compile their reports.
To obtain credit with suppliers and vendors, companies often need to post collateral in the form of a letter of credit or surety bond. We can craft bond form language that satisfies supplier requirements.
Similar to credit agreements, insurance companies often require collateral when supporting large deductible insurance programs like workers compensation or liability insurance.
By working with A-rated surety carriers, we can often convince insurance carriers to accept bonds in lieu of letters of credit as acceptable collateral.
Also known as bank fronted surety
Surety-backed letters of credit are sophisticated financial products that allow companies to post letters of credit without tying up banking capacity. As one of the nation’s largest producers of surety-backed letters of credit, Evergreen Surety can assist firms with developing these facilities.
As long-standing members of the American Subcontractor Association and Hispanic Contractors of Colorado, Evergreen Surety has a track record of supporting prime and subcontractors enhance their bond programs.
We also maintain relationships with government agencies and certification consultants that can help eligible companies obtain the appropriate designations.
There are a wide variety of industries that come across surety bond requirements that don’t fit the normal underwriting considerations of construction bonds. These include janitorial, software, etc. If you need a bid, performance, or payment bond, please contact us.
With years of experience and a database of contract review reports, Evergreen Surety can provide quick and comprehensive contract review. We also know which municipalities and general contractors are able and willing to negotiate problematic contractual terms. This negotiation can help you mitigate risk and outperform your competitors.
Additionally, we maintain legal and risk matrix reports for all 50 states and Canada. As your company expands into new territories, we can efficiently help you navigate new legal landscapes.
Beyond obtaining the bonds you need; Evergreen Surety is able to provide comprehensive consultation on business operations and financial reporting. Surety underwriters focus on different ratios and key performance indicators, and understanding which metrics are driving underwriting decisions is key to budgeting and planning your path to continued profitability.
Tom Patton and Evergreen Surety also maintain relationships with accountants, fractional CFOs, and advisors that can provide hands-on support, both on short-term and permanent engagements.