Proposal Booklet - W Hotel - Welbro and Broadmoor - FINAL

Bonding

Sec+on 1 ● Financial

Surety Le$er

PROVIDING SURETY BONDS AND INSURANCE

May 5, 2023

To Whom It May Concern:

RE: Tri-City Electrical Contractors, Inc. 430 West Drive, Altamonte Springs, FL 32714

Our agency is privileged to provide bonding for Tri-City Electrical Contractors, Inc. Bonds are provided through the Western Surety Company. Western Surety Company has an A.M. Best Ra,ng of A (Excellent), a Financial Size Category of XIV, and a Treasury Limit of $152,157,000 as reported in the July 1, 2022 edi,on of the Feder- al Register, Circular 570.

Prudent surety underwri,ng requires our sa,sfac,on of financial ability, experience, and personnel. Tri-City Electrical Contractors, Inc. has our complete confidence in all these areas.

Although maximum limits have not been established, we would favorably consider single projects in the $100,000,000 range, with an aggregate program around $300,000,000 to be within their normal opera,ng ca- pacity.

This leIer is not an assump,on of liability, nor is it a bid bond or a performance bond. It is issued only as a bonding reference from us as requested by our client. Any arrangement for surety credit is a maIer between Tri-City Electrical Contractors, Inc. and Western Surety Company. If you have any ques,ons or require addi- ,onal informa,on, please call me at (813) 390-4711, or via email Dave@guignardcompany.com.

Sincerely,

David Turcios Vice President

1904 Boothe Circle I Longwood, FL 32750

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430 West Drive | Altamonte Springs, FL , 32714 | 407-788-3500

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