RFI for Surety Bond Assistance Pilot Program Service
- Client
- Boston, Massachusetts
- RFP Number
- EXTRA-75330
- Posted
- —
- Category
- Professional, Consulting, Administrative or Management Support Services
- Budget
- Looking for proposals
- NAICS
- —
- Set-aside
- —
- Contact
- —
Description
AI GeneratedThe government authority in Boston, MA seeks a select group of qualified USA-based surety bond companies to participate in a Surety Bond Assistance Pilot Program Service. The buyer requires the selected vendors to assist small and medium-sized economically and socially disadvantaged contractors who might not meet traditional underwriting requirements. The program aims to help these businesses access bonding, bid on, and secure agency capital project contracts by offering a surety bond loan/guaranty program alongside technical assistance. Vendors must perform all work onsite. The buyer seeks proposals to establish the budget for this initiative. Interested parties must submit all questions no later than September 30, 2026.
Key solicitation details
AI-extracted from RFI_Surety_Bond_Final.pdf, RFI_Technical_Assistance_Final.pdf. Confirm against the original documents before bidding.
MassDevelopment is issuing a Request for Expression of Interest to gather market information for a five-year pilot Surety Bond Assistance Program. The program aims to support small and medium-sized economically and socially disadvantaged businesses bidding on capital projects in Massachusetts. Qualified surety bond companies and technical assistance providers are invited to respond.
- Issued by
- Massachusetts Development Finance Agency
- RFI posted
- August 24, 2026
- Questions due
- September 30, 2026
- Responses due
- 5:00 p.m. on October 15, 2026
- How to submit
- Electronic via email
- Submission details
- Submit one (1) electronic copy via e-mail to [email protected].
- Contract term
- five-year pilot
- Place of performance
- Commonwealth of Massachusetts
- Funding
- Section 147 of the Massachusetts Leads Act
Scope of work
- Participate in pilot Surety Bond Assistance Program
- Work with contractors who may not meet traditional underwriting requirements
- Provide surety bond products and loan/guaranty structures
- Provide technical assistance, including bond readiness assessments
- Assist with financial statement preparation and accounting system setup
- Provide credit repair/improvement and working capital planning guidance
- Assist contractors with bid preparation and contract management
Documents to include with the bid
- Company Name (including parent company)
- Company Address
- Company Website
- Contact name and information (including e-mail)
- Description of company, years of experience, and expertise serving economically and socially disadvantaged businesses
- Description of products/services and pricing/fee structures
- Answers to requested information questions in RFI
Verify important details
Document checkConfirm submission instructions and amendments with the issuing agency before responding.
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