The JBL Construction Surety Division is a unique surety and brokerage consulting firm, offering professional services to all users of surety credit. Always available, our well qualified staff supports you through all phases of your business. We look to establish mutually beneficial relationships. The driving force behind our company is your continued success. Our commitment to this objective is reflected in our approach to customer service. We explore all avenues and provide you with options every step of the way. Open and sustained lines of communication creates the medium for the fruition of your goals. JBL Trinity Group makes it happen.

This fast-paced business world requires all services delivered immediately. Think about your surety credit and support-service needs. Time Sensitive understates the issue. You need solutions now. We established our Construction Surety Division for just that purpose; to provide you with a one stop surety services company specifically designed to manage all your surety requirements. Our Construction Surety Division offers professional surety services to all users of surety credit for all aspects of your business. Our goal: create an environment of personal attention, speed and accuracy. We define ourselves through customer service.

Our approach delivers services tailored to your specific needs:

• Contract, BID and Performance Bonds
• Site Improvement Bonds
• License and Permit Bonds
• Miscellaneous Bonds

Surety History
The idea behind surety bonding is simple and direct. One person guarantees to another that a third person will perform. This concept isn't new, in fact the Bible refers to surety bonding in Proverbs 11:15. "He that is surety for a stranger shall smart for it, and he that hateth suretyship is sure." However, the ancients used individuals instead of surety bond companies, and these individuals often proved to be unreliable. The earliest recorded attempt to form a company to engage in the surety business was in 1720. And in 1865, the United States' first corporate surety bonding company,the Fidelity Insurance Company, was formed.

Types of Surety Bonds

Contract Bonds - Bid or Proposal Bonds, Performance Bonds, Payment or Labor and Material Bonds, Maintenance Bonds, and Supply Bonds. These bonds are required by state or federal law for most public construction projects or by the project owner.

Court Bonds/Fiduciaries - This type of bond is given by a Court Fiduciary to secure the faithful performance of fiduciaries' duties and compliance with the orders of the court having jurisdiction. Typical bonds within this category include Administrators, Executors, Guardians, Trustees Under Will, Liquidators, Receivers and Masters.

Court Bonds/Judicial Proceedings - This type of bond is required when litigants seek to avail themselves of privileges or remedies which are allowed by the law only upon condition that a bond with surety be furnished for the protection of the opposing litigant or other interested party. Typical bonds within this category include Injunction, Appeal, Indemnity to Sheriff, Mechanic's Lien, Attachment, Replevin, and Admiralty.

License and Permit Bonds - This category consists of any bond required by state law, municipal ordinance, regulation, and in some instances, the federal government or its agencies, as a condition precedent to the granting of a license to engage in a particular business or the granting of a permit to exercise a particular privilege. In general, the terms "License" and "Permit" are used interchangeably. Typical bonds within this category include Contractors' License Bonds, Motor Vehicle Dealer Bonds, Securities Dealers' Blue Sky Bonds, Employment Agency Bonds, Health Spa Bonds, Grain Warehouse Bonds, Liquor Bonds, Cigarette Tax Bonds, and Sales Tax Bonds.

Public Official Bonds - This type of bond guarantees the faithful performance of duty by a public official in a position of trust. Such bonds are given to comply with federal or state statutes and, therefore, guarantee whatever liability that state imposes. Typical bonds within this category include Treasurers, Tax Collectors, Sheriffs, Constables, Judges, Court Clerks, and Notaries.

Bonds that Protect the U.S. Government - Various agencies of the federal government require or accept surety bonds for a number of different obligations, such as Medicare and Medicaid Provider Bonds, Immigrant Bonds, Excise Bonds, Custom Bonds, and Alcoholics Beverage Bonds.

Miscellaneous Bonds - This category includes other types of bonds that do not fall into the categories outlined above, such as Lost Securities Bonds, Lease Bonds, Bonds to Guarantee Payment of Utility Bills or Return of Borrowed Property, Bonds to Guarantee Employer Contributions for Union Fringe Benefits, and Workers' Compensation Bonds for Self-Insurers. Procurement of these bonds is not always guaranteed.   Things You Should Know About Surety Bonds

• A surety bond is an instrument under which one party guarantees to another that a third will perform a contract. Surety bonds used in construction are called contract bonds.

• There are three types of bonds used in construction. The bid bond protects the owner by guaranteeing that the contractor will enter into the contract at the determined price. The performance bond guarantees the performance of the work on schedule and according to the plans and specifications. The payment bond guarantees that certain workers, subcontractors, and suppliers will be paid.

• Federal law (the Miller Act) mandates surety bonds for all public works contracts in excess of $100,000. Federal procurement officials may, at their own discretion, require bonds on projects below that amount. All states have laws requiring bonds on public works too (known as Little Miller Acts). Owners of private construction projects are recognizing the wisdom of requiring surety bonds to protect company and shareholders from the enormous costs of contractor failure.

• Although surety bonding is considered a line of insurance, it has many characteristics of bank credit. The surety does not lend the contractor money, but it does allow the surety's financial resources to be used to back the commitment of the contractor, thus enabling the contractor to acquire a contract with an owner. The owner receives grantees from a financially responsible surety company licensed to transact suretyship.

• Surety bonds, through the surety companies' rigorous prequalification of contractors, protect the owner and offer assurance to the lender, architect, and everyone else involved with the project that the contractor is able to translate the project's plans into a finished project. Before issuing a bond the surety needs to be fully satisfied, among other criteria, that the contractor is:

-of good character
-has experience matching the requirements of the contract;
-has or can obtain the equipment necessary to do the work;
-has the financial strength to support the desired work program;
-has an excellent credit history; and
-has established a banking relationship and a line of credit.

• Contract surety bonds :
-guarantee the project will be completed;
-guarantee that certain laborers, suppliers, and subcontractors will be paid;
-relieve the owner from the risk of financial loss arising from liens filed by unpaid laborers, suppliers, and subcontractors;
-smooth the transition from construction to permanent
financing eliminating liens;
-reduce the possibility of a contractor diverting funds from the project; and
-lower the cost of construction in some cases by facilitating the use of competitive bids

• With a surety bond, the owner can be satisfied that a risk transfer mechanism is in place. The risks of construction are shifted away from the owner to the surety. If the contractor defaults, the surety may pay for a replacement contractor, or provide technical and/or financial assistance.

• The costs for bonds vary, but generally are one to three percent of the contract amount.

• To bond a project, the owner merely includes the bonding requirement in the plans and specifications for the project. Obtaining bonds and delivering them to the owner is the responsibility of the contractor who will consult with an independent surety agent who will assist them with securing the bond.

Surety Services

Procurement and Placement of Surety Bonds
Surety companies began tightening credit as a direct result of : the events of 9/11, a flat stock market, decreasing limits of available reinsurance, and increased business failures. While cash flow concerns, limited borrowing capabilities and slow turning account receivables remaining standard underwriting questions, new factors such as credibility of financial reporting and capacity limitations now play a prominent role during the surety evaluation process. The Construction Surety Division of JBL was developed in a effort to tackle these obstacles facing your business. Our approach is simple; provide you with direct service and attention thereby addressing all the surety requirements of your business.

Some of the surety bonds offered by JBL Trinity Group:
-Bid Bonds
-Performance and Payment Bonds
-License and Permit Bonds
-Court and Fiduciary Bonds"Miscellaneous and Commercial Surety Bonds

Let JBL Trinity Group become your partner offering solutions instead of excuses.

Financial Analysis for Surety Credit
The Construction Surety Division of JBL provides you with a complete financial review of your business. Our analytical approach to the financial condition of your firm answers your concerns about obtaining or increasing surety and other credit facilities. We provide you with cash flow and other business models that complement and enhance the performance capabilities of your business. Establishing a relationship with JBL Trinity Group enables your firm to explore previously unattainable business opportunities.

Funds Disbursement Services
The Construction Surety Division of JBL understands the needs of contractors in the industry. In addition, lenders of credit to the construction service sector are always looking for new ways to protect their capital investments. As a result, JBL Trinity Group has developed a funds disbursement service designed to address both these aspects of surety credit.

Why should a contractor consider funds disbursement services?
The reasons are obvious:
-To help qualify for surety credit or increase your existing credit line
-To reduce or eliminate prior collateral requirements
-To help negotiate better terms with suppliers and subcontractors
-To assist in cash flow management
-To establish project-specific bank lines of credit

In addition to contractors, other benefactors of funds disbursement services are:
-Surety Companies: to reduce loss ratios, to increase contractor capacity, to be assured of certified payroll/prevailing wage certification, and to administer capital for default and work out proceedings
-Banks and Other Lending Institutions: to mitigate lending risks and to develop nationwide lending capabilities

Financial Service Referral Network
JBL Trinity Group maintains as established referral network to provide answers to all your accounting, tax planning and working capital needs to meet the business goals and objectives of your firm.