A California-based contractor specializing in data centers approached JRG Surety with an urgent request: they needed a $24 million bid bond to compete for a government project in Colorado. While they had a strong track record in building high-tech facilities, this bid was $10 million larger than their previous biggest job. Additionally, their current surety company was hesitant about the project’s out-of-state location, despite the contractor’s history of successfully completing projects even farther away than Colorado.

JRG Surety arranged a meeting with the existing surety provider to present a case demonstrating that the manufacturer’s warranties on data center components significantly mitigated project risk. Despite the contractor’s expertise and strong financials, the surety declined the bond due to the size and geographic scope of the project.

 Refusing to let a great opportunity slip away, JRG Surety leveraged its industry relationships to bring in another trusted surety company—one that had worked closely with JRG Surety on large and complex projects before. A new meeting was scheduled with the contractor, where the surety carefully reviewed the risk-mitigation strategies, warranties, and contractor’s proven experience. With this customized approach, the new surety approved the $24 million bid bond, allowing the contractor to compete for the high-profile project.

 By thinking beyond traditional underwriting limits, JRG Surety successfully found a surety partner willing to support the contractor’s growth. This case proves that with the right strategy, industry expertise, and strong relationships, contractors can secure the bonds they need to expand their business and take on bigger projects. Need a bid bond for a large or out-of-state project? Contact JRG Surety today!