A bonding letter, letter of bondability, or statement of bondability are synonymous terms used by a surety underwriter that a particular contractor qualifies for some level of access to contract bond capacity.
A statement of bondability is generally a letter written on either the surety's or bonding agent's letterhead identifying the contractor, the surety offering the letter, and the limits for which the contractor is qualified. And will typically display per project and aggregate amounts.
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