English to Chinese Bus/Financial Insurance

The surety broker. The key to a successful surety program is a broker who can match a contractor with the proper surety or sureties. The days of a broker using volume with a surety to force them into a favorable decision are over, at least for the foreseeable future. In today's tough surety market, a good broker will be kept advised of all levels of operations and advise the contractor how decisions will affect surety credit. The broker has to maintain good relations with the surety on behalf of the contractor. The number of active sureties in the market continues to shrink. There are fewer options and when capacity becomes an issue, it's important to have all of those options available. Burning bridges was never a smart option, but it is more important than ever to keep all doors open. A good surety broker can coordinate all of the points raised in this article to maximize a contractor's surety credit.