A Superior Advantage
Because of our track record, financial strength and reputation, we are able to post payment and performance bonds backed by the Chubb Group of Companies, which is something very few other open shop contractors can do. With a bonding line of $300M, and a variable single project limit, Flintlock is ready to provide the surety’s guaranty. In 2015, Flintlock added Subcontractor Default Insurance (SDI) by Arch Insurance as an alternative to 100% Payment and Performance Bonds. Flintlock is the first open shop contractor to offer SDI in Manhattan. SDI provides completion risk mitigation, acceptable to lenders, where the single project bond limit would be exceeded, or where an Owner prefers SDI to a 100% Bond.