Benefits

The Public Agency

• Smaller qualified contractors can secure surety credit.
• Surety underwriting would be improved, and unqualified contractors would not be on their projects.
• The Project Status Connection dashboard is an excellent administrative tool for the owner, at no cost.
• The surety would be notified early of a project’s decline and could respond pro-actively.

The Small / Emerging and Mid-sized contractor

• Surety companies would have the comfort of being better informed on their exposures, which could provide more flexibility in their underwriting decisions.
• A surety company’s proactive involvement may provide the resources and assistance that prevent a default.

The Large Contractor

• The large contractor could participate in the monitoring process by having subcontractor information provided to the respective surety companies and thus securing the same benefit as the public agency.

Participating Universities

• Opportunities for the students to participate in real and credible projects.
• Introduces the students to concepts and practices that are applicable to a wide range of career opportunities.
• Promotes the university to the private sector for recruitment and the creation of internships.
• Creates graduates that are sought after by the private sector.
• Provides a sustainable income program to generate ongoing funds.