The Partnership Account® for Contractors

We’re here to help make your life easier.

The Partnership Account® for contractors is a powerful online surety management system which gives you power of attorney to issue your own bid bonds, order performance and payment bonds, run management reports, check your current and aggregate limits, and view your underwriting profile and credit scores.

With a direct account from Colonial Surety Company, you no longer rely on a third party to obtain bid and performance bonds. You’re in control.

Watch our demo below to see how it all works:

Getting started with your dashboard

Explore some of the basics on how to use our digital client management tools.

Issue your own bid bonds

You can instantly issue your own bid bonds, without tracking down an insurance agent or worrying about the confidentiality of your bid.

Order performance and payment bonds

Once you successfully win a bid, you can get to work and order a performance or payment bond right from your dashboard.

Compare your bids versus competitors

You can run helpful reports that can help you analyze your success against the competition, which can help with future planning.

Know where you stand

You always know your capacity to bid on jobs because you can see how close your open jobs are to your aggregate limit.

Access your owners dashboard®

Get valuable insights into your business with access to your own underwriting analysis, business credit scores, and much more.

See your underwriting financial review

We share our underwriter’s analysis of your business, which provides a valuable window into how other financial institutions would evaluate your financials.

The Partnership Account® gives you a competitive advantage.

Total Control

You can issue your own bid bonds and order performance and payment bonds instantly online.
Complete Transparency

Unlike agents or other sureties, we put your available line in writing and provide access to your complete underwriting profile—so you always know where you stand.
Greater Security

We’re not a local agent who also works with your competitors—so you can count on confidentiality.

Frequently Asked Questions

The Partnership Account is an agreement between a contractor and Colonial Surety. Colonial gives contractor power of attorney to issue their own bid bonds on-demand, and the ability to order performance and payment bonds, without using an insurance agent or broker. Colonial’s contractor partners are in direct and complete control of their surety line of credit.
Colonial’s contractor partners have access to management dashboard that is an online vehicle to issue bid bonds, order performance and payment bonds, update work in progress, look at current and aggregate limits, see their bid spreads, view open and closed bid and performance bonds, and much more. Contractor partners can also access their owner’s dashboard, which provides a window into their company’s full underwriting profile, professional credit scores, banking information, and union credit balances.
With a Partnership Account, you always have direct access to our underwriter, who can work with you to extend additional credit so you can grow and pursue additional opportunities.
Contractors partner with Colonial because they are able to gain complete control of their bonding process with the ability to issue their own bid bonds and order performance bonds without using an insurance agent or broker. Colonial Surety Company is an insurance company licensed in all 50 states and U.S. territories. We are rated “A” Excellent by A.M. Best Company and United States Department of the Treasury approved.
Bid bonds are used primarily in the construction industry to assure that the contractor can fulfill the job responsibilities listed in the agreement for the agreed price for the project owner. It protects the project owner from financial loss in the event that the contractor fails to meet contract terms or does not follow through on their bid.
Once a bid is accepted, a performance bond protects the client from a contractor’s failure to perform according to the contractual terms. If the completed work is unsatisfactory, the project owner may make a claim against the performance bond to provide compensation for the cost of correcting the subpar job.
Payment bonds guarantee that a contractor will pay for the labor and materials provided by subcontractors, suppliers, and workers in a timely manner, and in compliance with terms of the contract. They also guarantee that any payments made will comply with state and federal laws and regulations.