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Surety Bond Risk Mitigation

Key Benefits

Security of Funds

bullet Funds are administered through a project specific FDIC trustee account at local community banking organizations that are familiar with construction lending.

Technology that "Fits"

bullet We provide adaptable, technology-based project processing capabilities.  This ensures that accurate and timely information is shared between sureties, agents and contractors in every phase of the construction project.  For example, by employing the most widely used Microsoft products and related applications, we give project participants the freedom to deliver and receive data without compatibility issues.  Additionally, we make this information available in standard, but flexible reporting formats.

Confidentiality

bullet Keeping financial information secure is one of our most important responsibilities.  Confidentiality is a priority with our staff and management team.  We maintain physical, electronic and procedural safeguards to protect client information.

Data Backup Disaster Recovery

bullet The real estate development industry is increasingly relying on technology to help meet the competitive challenges of today's construction market place. 
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In order to protect your project data and provide business continuity.
bullet We perform complete system back-ups at regular intervals during the business day and transmit the         back-up information to an independent data storage facility for safekeeping.

Benefits to Sureties & Agents

bullet Funds paid in a timely manner minimizing the possibility of claims or disputes
bullet CFCS works closely with surety companies as contractor liaison, eliminating "phantom claims" and calls relating to slow payment.
bullet Funds control provides independent third party information to assist in the ongoing underwriting process.
bullet Detailed site evaluation reports supported by digital photography.  Your eyes and ears for progress.
bullet Our reports assist the underwriter and agents in creating and updating contractors portfolios.

 
Send mail to comingsoon@cfcsinc.com with questions or comments about this web site.
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