The term T-list, is surety bond slang for a list of bonding companies approved by the Treasury Department. The technical name is Circular 570 (not as cool as “T-list”).
In order to issue a Performance and Payment Bond to any branch of the federal government (Army Corps of Engineers, Navy, OGS, etc.) the bonding company must be reviewed and approved in advance. The government adds them to the list and assigns a maximum dollar amount for the largest single bond the gov. will accept from that carrier. Obviously the federal government is a major source of bonded projects (nearly all federal contracts require bonding), and they DO spend a lot of money: Over $500 Billion in 2017. Not on the T-list = miss out on all that fun!
In addition, there are many other public and private entities (such as municipalities) that may choose to require a T-Listed surety on bonds that protect their projects. They view it as a way of establishing the surety’s credentials. The T-List, Circular 570, is a big deal for bonding companies.
So, why do I love it? It’s because now the bonds we issue are T-listed! The maximum bond amount is over $10,000,000.00. This is a really big deal.
As if that’s not enough good news for our agents, we even decided to raise our commissions to celebrate this important milestone.
You know us for our speed, creativity and superior service. Now you can add the T-List and high commissions!
Call us with your next bid or performance bond need.
Steve Golia, National Surety Director 856-304-7348
KIS Surety Bonds LLC