We work with a wide variety of companies that develop property – some residential subdivisions – some commercial projects such as office buildings, industrial projects and apartment buildings. Residential developers are faced with providing security to a municipality to guarantee the improvements installed will meet local zoning specifications and, at times, provide payment guarantees to the contractors and suppliers working for the developer. Commercial developers also have off site and on site security requirements surrounding the improvements related to project development.
40+ Years of Industry Experience
Licensed In All 50 states
The Leading Provider of Bonds Related To Development
After the improvements are completed, normally a maintenance guarantee will be required. The most economical and financially desirable method of meeting these requirements is through a surety bond. We have developed several markets that provide these bonds through aggressive underwriting and look to our expertise to pre-qualify new clients in an efficient and timely manner leading to a positive underwriting decision.
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With over 40 years dedicated to the surety industry, Smith Manus can help.