Qualification_Statement_of_Surety_-_Blank.pdf

This is a Qualification Statement of Surety blank form submitted to the City of Waxahachie, Texas, for use in evaluating contractor bonding capacity and financial viability in connection with an Asphalt Milling and Overlay Services contract. The form requests information regarding the surety's prior experience furnishing contract bonds on both completed and incomplete contracts, the contractor's maximum bonding capacity, and current financial status. The City anticipates awarding the contract for immediate work extending into Fiscal Year 2027, which begins October 1, 2026, with the potential for one or two contractors to be selected based on best value to the City.

The Qualification Statement of Surety form serves as a critical vetting instrument requiring the surety to attest to the contractor's financial resources, payment history, experience level, and capacity to satisfactorily perform the contract work. The surety must provide detailed remarks regarding accounts payable status and confirm willingness to furnish the specified bonds, provided the contractor assumes no additional commitments and no material information surfaces that would affect bonding capacity. This qualification requirement ensures that only contractors with demonstrated financial stability and adequate surety support are considered for award of the asphalt milling and overlay services contract.