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Bond Readiness Program & Bonding Services

Compete for Larger City Construction Projects

The NYC Department of Small Business Services (SBS) offers a 12-session, bi-weekly, intensive program (currently being offered virtually) where NYC-certified minority and women-owned business enterprises (M/WBEs) and small construction firms receive education, training, and one-on-one financial management guidance to help obtain surety bonds and increase surety bond capacity for New York City construction projects.

Program Benefits:

  • Access and enhanced contract opportunities as a result of your firm's bonded status
  • Guidance on establishing business and financial credibility
  • Direct connections and expert advice from a network of surety companies
  • Education on the surety bonding process and prerequisites
  • One-on-one financial management assistance for bonding qualifications or increasing your bonding limits

Program Eligibility:

This program may be right for you, if:

  • You own an NYC-certified M/WBE, or are in the process of certifying an NYC-based business
  • You have operated for at least two years
  • You have at least $150,000 in most recent annual gross revenues

Frequently Asked Questions (FAQs)

Submit an application for the 2023-24 Bond Readiness Cohort

Contact Our Team with any questions.

Bonding Services

The NYC Department of Small Business Service's (SBS) free bonding services are designed to help construction and trade firms:

  • Organize bookkeeping and accounting through QuickBooks™ clinics
  • Recieve information relevant to the construction industry and bonding through webinars
  • Complete bond applications through one-on-one bonding technical assistance sessions

QuickBooks™ for Construction Clinics

SBS's free clinics led byconstruction CPAs can help you set up and optimize the QuickBooks™ Premier Edition for Contractors accounting system, so you can manage your job costs effectively and provide the financial reports required by surety companies and lenders.

Register to attend an upcoming QuickBooks™ for Construction Clinic. (search for “QuickBooks for Construction Clinic”)

Lunch and Learn Webinar Series

SBS offers one-hour webinars designed to help your construction and trade company expand its business. These webinars cover a range of topics related to surety bonding and capacity building, including strategies for increasing your bonding capacity, back office management techniques for growing your business, construction insurance tactics, and more.

Register to attend an upcoming webinar (search for “Bond Services”)

One-on-One Bonding Technical Assistance Sessions

Need help applying for a bond an increased bond limity?

Request a one-on-one session with a surety agent or bond specialist who can assist you in both preparing for and navigating through the bonding process.

*All Bonding Services are currently being offered virtually.

Contact Our Team with any questions.