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Bond Readiness Program and 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)

How to Apply

Thank you for your interest in the Bond Readiness Program. 

The 2023-24 cohort has been selected and applications are now closed.  Check back in Summer 2024 to apply for the 2024-25 cohort that will begin in Fall 2024.

Contact Our Team with Any Questions

Bonding Services

The NYC Department of Small Business Services (SBS) offers free bonding services designed to help construction and trade firms:

  • Organize bookkeeping and accounting through QuickBooks™ clinics
  • Receive 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 by construction 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 an increased bond limit?

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