LECROY & ASSOCIATES, INC.
"BONDING IS OUR BUSINESS"

Bonding

Items included in this section:

1) Steps to qualify for bonding (information needed)

2) Why is bonding difficult?

3) Steps to insure bondability

4) Forms (and steps) necessary to get a bid bond approved (as well as a low bid spread)

5) Financial statements needed -

- Year-end CPA Review Percentage-of-Completion with proper schedules/footnotes

- Year-end personal financial statement of principal owners/stockholders

- Six-month Percentage-of-Completion company statement with work-in-progress and completed job schedules

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