For over 40 years Astro has been instrumental in assisting contractors in Southern Alberta and beyond by providing surety bond support and solutions. As specialists in this field our qualified and experienced team offer a wide variety of services to help guide customers as they work to succeed in business.

What Is a Surety Bond?

A surety bond is a three‑party agreement that guarantees the obligations of one party will be fulfilled to another. In this arrangement:

• Principal (you the contractor) pledges to perform work or meet an obligation.
• Obligee (often a project owner or government entity) requires the guarantee.
• Surety (Astro) backs the principal and will compensate the obligee if the principal fails to deliver.

Why Contractors Need Bonding

1. Meeting Project Requirements
   Many public and private projects mandate bid and performance bonds before contractors can submit proposals.
2. Building Credibility
   Holding the right bonds reassures clients and partners that you stand behind your work.
3. Protecting Cash Flow
   A performance bond can shield you from direct financial penalties if subcontractors or suppliers file claims.

Types of Bonds We Provide

Astro offers a comprehensive suite of bond solutions tailored for contractors of all sizes:

Fidelity Bonds

• Employee Dishonesty

General Surety Bonds

• Bid Bonds
• Performance Bonds
• Labour and Material Bonds
• Bid Bonds and Consents of Surety
• Performance Labour and Material Bonds
• Lien Bonds

Specialty Bonds

• Miscellaneous Bonds
• Estate Bonds
• Custom and Excise Bonds
• Fiduciary Bonds
• License and Permit Bonds
• Lost Instrument and Document Bonds
• Financial Institution Bonds

How to Obtain a Bond

1. Application
   Complete a simple form detailing your company history, project scope, and financials.
2. Underwriting
   We review credit history and experience to assess risk.
3. Premium Calculation
   Based on bond type, contract value, and credit profile.
4. Issuance
   Once approved you receive your bond documents ready for submission.

Why Choose Astro for Your Bonding Needs

• Industry Expertise
  Four decades of focusing solely on surety bonds means we speak your language.
• Personal Service
  You work directly with our specialists who guide you step by step.
• Competitive Rates
  Our partnerships with multiple surety underwriters help us secure the best terms.
• Fast Turnaround
  We know project timelines are tight so we move quickly to get your bonds in hand.

Tips for Working with Surety Providers

• Be Transparent
  Sharing complete financial information speeds approval.
• Plan Ahead
  Request bonds well before the bid closing date to avoid rush fees.
• Maintain Good Credit
  A strong payment history on existing bonds can lower future premiums.

Next Steps

Ready to strengthen your bid or secure your next project? Contact Astro today to discuss which bond solution fits your needs and let our team guide you through a smooth bonding process.