Sureties

Bonding decisions are based on a contractor's character, experience and financial strength. Sureties should insist that construction clients have a CFO on staff that holds the CCIFP designation because a certified financial management designation for the construction industry means they:

Pledge to the highest ethical standards
Have met professional and educational experience requirements
Have shown competence in eight domain knowledge areas required of a CFM

Grant Thornton LLP survey* of Surety Bond Producers cites having a CCIFP as an important criteria:

Seven out of 10 bond producer participants cited having construction clients with a financial professional on staff with industry experience as an important criteria for obtaining surety credit.
NASBP has also included the question on their model contractor questionnaire.

* Excerpt from Grant Thornton LLP’s “2007 Surety Credit Survey for Construction Contractors: The Bond Producer’s Perspective"

Sureties with CCIFPs on staff:

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Special Information to Note Before Applying:

If you choose Live Remote Proctor, you must schedule and take your exam within 14 days (2 weeks) of receiving your authorization.
If you do not schedule your exam, you will lose all examination fees.
If you request an additional two-week extension, a $150 examination extension fee will apply
If you want to switch your testing mode and take it at a PearsonVue Test Center, a $150 fee will apply.

Please read the Candidate Information Bulletin here.

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