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Opening of Bids - Fat Daddy's Building Demolition Proj No 118-066 - Green Demolition Contractors
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Opening of Bids - Fat Daddy's Building Demolition Proj No 118-066 - Green Demolition Contractors
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4/3/2025 2:50:11 PM
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11/28/2018 10:34:03 AM
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Board of Public Works
Document Type
Projects
Document Date
11/27/2018
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KIM <br />AmTrust Surety <br />September 20, 2018 <br />Re: Green Demolition Contractors Incorporated <br />To whom it may concern: <br />Developers Surety and Indemnity Company, a division of AmTrust Financial Group is the <br />current surety for Green Demolition Contractors, Inc.We have maintained a bonding <br />relationship with this contractor since 2010. Developers Surety and Indemnity Company <br />holds an A (Excellent) XIII Financial Rating by AM Best and has a United States <br />Department of Treasury listing in excess of $7,446,000. Based on our underwriting <br />review and this contractor's past history, we hold this firm in high regards and we are <br />confident in their ability to complete their work. <br />We currently have in place a bond line of $1,500,000 single over a bonded aggregate <br />program of $4,000,000. Please note that a line is established for convenience purposes <br />only and is not indicative as to how high we may consider. We have approved, on a <br />case by case basis up to $2,200,000. <br />If, Green Demolition Contractors, Inc. should be awarded a project with The City of <br />Chicago, Developers Surety and Indemnity Company would be willing to write the <br />performance and payment bonds subject to an acceptable contract. <br />Sincerely, <br />Ronald B. Gengler <br />Director of Underwriting <br />AmTrust Surety <br />1038 Oak Street <br />Sugar Grove, IL 60554 <br />630.466.4860 office <br />rer1e10 geragls`r@ad'>ltraz reup cQ. <br />www.amtru„sts„u„rety com <br />17771 Cowan, Suite 100• Irvine, CA 92614 <br />(p) 800.782.1546• (f 800.251.1955•www.AmTrustSurety.com <br />
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