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2019-190A
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2019-190A
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Last modified
12/11/2019 11:18:33 AM
Creation date
12/11/2019 11:14:32 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
11/12/2019
Control Number
2019-190A
Agenda Item Number
8.D.
Entity Name
Tech Systems
Subject
North County Regional Park Aquatic Center Rood Replacement Contract
Area
North County Pool
Project Number
IRC-1826
Bid Number
2019074
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RLI INSURANCE COMPANY E CONTRACTORS BONDING AND INSURANCE COMPANY <br />200 S. Harbor City Blvd. j Suite 402 j Melbourne, FL 32901 1 P: 800-372-2242 1 F: 321-722-1726 <br />contract.surety@riicorp.com I www.rtisurety.com <br />October 8, 2019 <br />To Whom It May Concern <br />Re: Tech Systems, Inc. <br />Tech Systems, Inc. is a well-established contractor located in Melbourne, FL. Contractors Bonding and <br />Insurance Company (CBIC) has been the Surety for Tech Systems for the past twenty five years. <br />During this time, bonded jobs in the $1,000,000 range and have been considered for this fine company. <br />Our experience and investigation of Tech Systems have shown that they are well managed and capable <br />of completing their construction contracts in a professional manner. Subject to our normal underwriting <br />criteria and acceptable bond forms and contracts, we fully expect to continue extending surety credit to <br />this firm on single jobs in the $1,000,000 range with aggregate backlogs up to $2,500,000. <br />You understand, of course, that any arrangement for any bonds is a matter between Tech Systems and <br />ourselves and we assume no liability to any party if for any reason we do not execute any bonds. <br />CBIC is rated A+ XI by A.M. Best. Additionally, our primary reinsurer, Munich Reinsurance America, <br />Inc. is rated A+ XV. Both companies are Treasury -listed and authorized to transact business in all 50 <br />States. <br />If you have any questions or need additional information, please do not hesitate to contact the <br />undersigned. <br />Sincerely, <br />CONTRACTORS BONDING <br />AND INSURANCE COMPANY <br />MaryALhKostyk, AVP <br />v' <br />DIFFERENT WORKS <br />i <br />
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