bonding capacity

bonding capacity

1. An indication of a contractor’s credit rating.
2. The maximum amount of money a bonding company will extend in contract bonds to a building contractor.
References in periodicals archive ?
Generally, when it comes to bonding, construction companies and contractors should be well aware of their bonding capacity, since it severely limits the numbers of contracts you can take on, as well as the size of prospective jobs.
Pedone's overture seeking independent bonding capacity for his agency, in exchange for a more open and transparent relationship with the city, is a promising development for Worcester.
to the next level by providing greater bonding capacity which allow the co.
Provide your company name and e-mail address, participant name, company address, capability statement and include your business size and bonding capacity.
Districts are allowed to charge higher developer fees if they can meet two of four requirements set by state law: being on a multitrack year-round calendar, recently passing a school construction bond measure, having debt in an amount equivalent to up to 30 percent of its bonding capacity, and having 20 percent of its classes in portable buildings.
If the payment program I've outlined was implemented by all major developers in New York City, it would increase the subs' working capital, bonding capacity and ability to meet the market's needs, benefiting subcontractors, contractors and developers alike.
The equation proposed should prove useful in mills for determining the surface charge of fibers, which is directly related to the fiber bonding capacity.
The seller-lessee, who operated a construction company as a sole proprietorship, wanted to increase the company's performance bonding capacity.
Contractors must submit a letter of qualifications stating the company's track record in the industry, as well as references, bonding capacity, fiancial strenght and organized labor history.
While the methylene blue clay measures active bonding capacity, the AFS clay measures the total of calcined (dead) clay and other fines and indicates any problems with rebonding that may be anticipated.
TRC plans to use the gross proceeds of the private placement for general corporate purposes, reducing the use of its revolving debt facility for working capital, and to support capitalization and net worth requirements necessary to secure project bonding capacity.
Because the public contract code requires bidders to provide a payment performance bond for the full contract value, there are very few contractors with that high bonding capacity,'' Havens said.