Cecil W. Powell and Company

Bonding provides financial guarantees for business and individuals that protect third parties from suffering a financial loss due to the inability to perform or meet certain obligations. Cecil W. Powell & Company has been doing just that for over seventy years with some of the strongest financial carriers in the world. That strength and security is more important now than ever.

Cecil W. Powell & Company offers the following types of
Surety & Fidelity Bonds:

Notary Bond
Bid Bond: This bond guarantees that if a contract is awarded to the principal, the principal will sign the contract within a specified time after the award and that the principal will furnish the required performance and payment bond.
Performance: This bond guarantees that the contractor will perform in accordance with the contract. In public jobs it may guarantee the payment for materials and labor supplied by subcontractors. In private jobs it typically only benefits the owner.
Payment: This bond guarantees payment to subcontractors or suppliers from the general contractor.
Maintenance: Guarantees the contractor will maintain the quality of his or her work over a period of years. One year (after substantial completion of the project) is built in to most performance and payment bonds. If the maintenance clause is for more than two years additional underwriting and expenses is involved.
Supply: This bond is used when a contract is awarded by a public entity to a contractor to supply some type of material and it guarantees the contractor will deliver the goods at the agreed on pricing.

The bond department is staffed by a dedicated group of individuals who assist our business clients, attorneys, and financial institutions in writing these financial guarantee instruments.

These products are sold and serviced by our experienced staff of surety professionals: