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: