The Ultimate Surety Bond Tool for Over 20 Years, Leveraging Today’s Digital Technology.
The patented Surety2000 web-based platform facilitates the creation, execution, and filing of electronic bid bonds, performance and payment bonds, license and permit bonds, and miscellaneous bonds.
Surety2000 has been operating successfully for over 20 years with over 300 government and private sector obligees retrieving their surety bonds electronically through the Surety2000 portal. Every major surety company along with the majority of the surety brokerage community use the system daily.
Why is the Electronic Surety Bond System Better than Paper Bonds?
Surety administrators are tied to their office facilities when creating a paper bond. Surety2000 frees them and contractors/procurement professionals from having to coordinate wet signatures, corporate seals, notaries, stapling paper powers of attorney etc. on a bond form before bidding projects.
Plus, the Surety2000 platform provides significant benefits over the traditional paper process. These benefits include:
Swift reliable creation and execution of bonds
Safe and secure - all bonds are signed electronically, are unalterable, and time-stamped by surety agents with notification sent to the bonding companies, thus eliminating the possibility of fraud
Surety bond agents can log in from a remote location with their username and password to create and execute bonds
The “Green” paperless process is environmentally sound
Integration with all major e-procurement and electronic bidding platforms
How Does It Work?
Using web-based technology, Surety2000 allows the surety agent and surety company to work within an improved interactive environment, without altering existing, traditional relationships. The surety agent communicates with the client while the Surety Company authorizes electronic power of attorney. The keys to Surety2000 are the "Authorization Code," electronic signatures, electronic control over powers of attorney, and the secure interaction and retention of data. In lieu of unreliable paper bonds, the surety agent will generate authorization codes through the system and provide these codes to the contractors/principals. Surety agents electronically sign these documents. The contractor/principal logs into the system to retrieve and electronically sign the bond through Surety 2000 or through its designated electronic bidding system with which Surety 2000 is integrated.
Once signed, owner/obligees log onto the system to retrieve and file the executed surety bond. All electronic signatures are authenticated, secure and time-stamped. All surety companies are notified in real-time and view the executed bonds, virtually eliminating the possibility of fraud.
Surety2000 has also developed strategic relationships with online bidding systems. An increasing number of government agencies as well as procurement professionals, construction companies and general contractors will continue to install online bidding systems from various software companies. Surety2000 is available to be electronically integrated with all of these systems, assuring that the Surety Industry will be keeping pace with the demands of government, the private sector and clients.
If you are a Surety Company, Agent, Procurement Professional, Supplier, Contractor, or Government Agency, you are invited to click on our registration request below. A Surety2000 specialist will respond to your request. Please feel free to call us direct at 800-660-3263.
Contact us by calling 800-660-3263 or by following the link below.
