Who we serve
Surety bonds for excavation and site work contractors
Highway, municipal, and utility owners bond site work almost universally, and many require a bid bond with every proposal regardless of contract size.
Requesting a bond does not affect your credit.
When bonds are required
When excavation and site work contractors need bonds
Highway, municipal, and utility owners bond site work almost universally, and many require a bid bond with every proposal regardless of contract size.
Bid bonds on nearly every public letting.
Payment and performance bonds at award on highway, utility, and municipal site packages.
Site work is often the first scope bought, so bonds are due before any other trade is even awarded.
Compare the three bond types on our surety bonds overview, or see what a bond costs in our bond cost guide.
Underwriting
What underwriting looks at
CapStream underwrites on contracting experience, company ownership, financials, and largest jobs completed, and pairs the bond with a project financing commitment that strengthens the balance sheet.
Experience and completed work
Your contracting history and the largest jobs you have finished carry more weight than a record of prior bonded work.
Ownership and company details
Who owns the company, how long it has operated, and how the business is structured.
Financials
Working capital, net worth, and the trend in your financial statements set the size of your bonding line.
A financing commitment behind the bond
Because the bond is paired with project funding, the cash that lands on the job strengthens the balance sheet the surety underwrites.
Cash flow
The cash flow squeeze
First on site means first to spend: equipment mobilization, haul-off, fuel, and rental invoices arrive in week one, and weather can push the first pay application while the costs keep running.
That is the gap CapStream closes with mobilization funding up to 20% of the contract price.
Excavation and Site Work contractor FAQ
Questions from the field
Often yes. Many public owners require a bid bond with every proposal regardless of contract size, so the requirement is set by the letting rather than by the dollar value of the work.
Underwriting reviews your financial statements and largest completed jobs as a whole, so owned equipment shows up in that picture alongside working capital, ownership, and contracting experience.
Yes. A bonding line supports concurrent bids and awards, so you can chase several lettings in the same season instead of pausing between jobs.
Bonds up to $10 million, no minimum
Requesting a bond or loan does not affect your credit.