News Release

For Immediate Release 
Contact: Marc Ramsey 202-686-7463
mramsey@sio.org

SIO RECOGNIZES LOCAL SURETY ASSOCIATIONS
FOR EXCELLENCE IN SURETY BOND PROMOTION

APRIL 14, 2006, WASHINGTON, DC – The Surety Information Office (SIO) has honored nine Local Surety Associations (LSAs) with the 2005 Gold and Silver Awards for Excellence in Surety Bond Promotion for their yearlong commitment to education and outreach.

Recipients of the Gold Award are:

The recipient of the Silver Award is:

“These surety associations were extremely active in reaching out to contractors, subcontractors, minority contractors, engineers, architects, design professionals, CPAs, public officials, state legislators, and students through presentations, exhibits, and published articles,” says Marla McIntyre, executive director of SIO. “These associations also are to be commended for their participation and support of community endeavors such as Habitat for Humanity, Toys for Tots, and various construction industry scholarships and events.”

The Gold and Silver Awards for Excellence in Surety Bond Promotion recognize Local Surety Associations that educate the many participants in the construction process on the value and benefits of contract surety bonds.

Sponsored by SIO, the awards will be presented May 10, 2006, at the annual meeting of National Association of Surety Bond Producers in Lake Buena Vista, FL, and May 18, 2006, at The Surety Association of America’s annual meeting in Washington, DC.

Surety bonding is a careful, rigorous, and professional process in which surety companies and surety bond producers prequalify contractors to assure project owners that these contractors are capable of performing the contract and paying certain laborers, subcontractors, and suppliers.

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SIO is the information source on contract surety bonds. For information on the benefits of surety bonds in construction, contact the Surety Information Office at (202) 686-7463 or www.sio.org.