Evergreen Surety has launched a new service page for subcontractors and specialty trade contractors. The agency works with subcontractors across every major trade to establish and strengthen bond programs. Whether a contractor is getting bonded for the first time or working to grow single and aggregate limits, Evergreen knows how to obtain the results they deserve.
The page walks through what general contractors and project owners require from subcontractors. On federal projects over $150,000, the Miller Act requires performance and payment bonds from the prime contractor, and most GCs flow that requirement down to their subs. Colorado’s Little Miller Act mirrors this at the state level, requiring bonds on state projects above $150,000 and local projects above $50,000.
Private work is different. There’s no legal mandate, but many general contractors require bonds from their subcontractors regardless of project type, at thresholds they set themselves. For a sub working to get on an approved subcontractor list, being bondable is a key component.
Not every subcontractor can get bonded. The underwriting process reviews financials, payment history, credit, and track record. Passing that review tells a GC the business has been vetted and that a surety carrier is willing to back it. The larger the bond capacity, the fewer competitors on the list.
The page also covers the specialty trades the agency works with. The underwriting process is largely the same across trades. What changes is the financial profile of each business. Evergreen has worked with subcontractors across:
- Electrical, mechanical, and plumbing
- HVAC and roofing
- Drywall and concrete
- Structural steel and glazing
- Waterproofing and paving
If a trade isn’t on that list, the agency still wants to hear from the contractor. Evergreen works alongside a subcontractor’s CPA, banker, and other advisors to identify what’s holding a construction bond program back and build a plan to address it. The agency is appointed with 15 surety carriers and is an SBA-appointed agency, which gives qualifying subcontractors access to the SBA Bond Guarantee Program.
Subcontractors who need a bond to win a job, or who want to build a program that opens up bigger projects over time, can contact Evergreen directly. Call Eddie Maxfield at 720-492-9258 or email him at emaxfield@evergreensurety.com.
About Evergreen Surety
Evergreen Surety is an independent surety bond agency based in Littleton, Colorado. The agency is not owned by a carrier or affiliated with a larger insurance group, and is licensed throughout the United States and Canada. Evergreen works with energy producers, developers, contractors, and project teams to place complex bond programs with the carriers that specialize in these risks. For more information, visit evergreensurety.com.
About Tom Patton
Tom Patton is the President of Evergreen Surety and a Certified Construction Industry Financial Professional (CCIFP), leading surety bond programs for contractors, developers, and energy producers across the United States and Canada. Drawing on 15+ years of specialty surety experience and appointments with 15+ carriers, Tom is known for building programs that perform when called upon and solving the bond problems other agents walk away from.
