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Award Bid - South Well Field WTP Improvements - Bid Package 2 Div A Proj No 117-059A - R Yoder
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Award Bid - South Well Field WTP Improvements - Bid Package 2 Div A Proj No 117-059A - R Yoder
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7/21/2025 11:52:09 AM
Creation date
7/8/2025 11:04:13 AM
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Board of Public Works
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Projects
Document Date
7/8/2025
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Allianz <br />May 9, 2025 <br />RE: R. Yoder Construction, Inc. <br />Surety Prequalification Letter <br />To Whom It May Concern: <br />Allianz <br />Trade <br />We hereby confirm that R. Yoder Construction, Inc. is a highly valued client of Euler Hermes North America <br />Insurance Company (operating under the Allianz Trade name), and that we have confidence in the financial <br />and operational strength of the firm. We are currently willing to support single bonds up to $60,000,000 <br />with total aggregate capacity of $120,000,000. <br />As is customary within the surety industry, the issuance of any bid or final bonds is always contingent upon a <br />satisfactory underwriting review at the time a request for bonds is made. This review may include, but not be <br />limited to, acceptable terms, conditions, documents, bond forms, and confirmation of an acceptable financing <br />source and payment provisions. It should be understood that any arrangement for surety bonds is a matter <br />strictly between R. Yoder Construction, Inc. and Euler Hermes. We assume no liability to third parties or to <br />you by issuance of this letter. <br />Euler Hermes North America Insurance Company is Rated "A+" by A.M. Best with a Financial Classification of <br />"XV" ($2 billion or greater) and appears on the U.S. Treasury Department List of approved sureties. <br />EULER HERMES NORTH AMERICA INSURANCE COMPANY <br />Pamela M. Anderson, Attorney -in -Fact <br />Euler Hermes North America Insurance Company and its affiliated debt collection company are part of the Allianz group and market their products and services using the <br />'Allianz Trade' trademark. <br />
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