CHECKLIST OF UNDERWRITING REQUIREMENTS

FOR BOND APPLICATION

( X ) Fully accomplished Application for Surety Bond (Individual/Single Proprietorship/Corporation)
( ) Copy of Registration Certificate with Department of Trade & Industry
( X ) Copy of Registration Certification with Securities and Exchange Commission
( X ) Latest General Information Sheet filed with SEC
( X ) Articles of Incorporation and By-Laws
( ) Board Resolution of the Authorized Signatory of the Bond
( X ) Latest Audited (comparative) Financial Statements; or latest Income Tax Return for Individual
applicant.
( ) Copy of the Contract/Agreement/Purchase Order/Notice to Proceed and/ or Award
( ) Copy of the Invitation to Bid/General and Special Conditions of the SPECS
( X ) List of projects completed and on-going with mention of corresponding Owner, Nature of Work
Undertaken, Contract Price, Date of Completion, Estimated Date of Completion, Percentage or
amount, Contact Person and Contact Nos. of completion or Company Profile.
( X ) Copy of Certificate of Final Acceptance/Completion/ Final Billing
( ) Copy of Complaint ( ) Court Motion ( ) Petition ( ) Affidavit of Loss
( ) Copy of Court Order ( ) Decision ( ) Labor Minister’s/Arbiters Order/Decision
( ) Copy of Writ of Execution ( ) Third Party ( ) Deed of Extra-Judicial Settlement/Partition/
Adjucation ( ) Xerox copy of land title with lien under Rule 74 ( ) Certificate of Publication ( )
Others
( X ) Fully accomplished COSIGNER’S INFORMATION SHEET
( ) cosigners with real estate properties owned and worth double the amount of the bond.
( ) cosigners (Officers/Directors/Controlling Stockholders of the Corporation each whom owns 2
a real estate properties worth double the amount of the bond with MARITAL CONSENT
of spouse, if MARRIED).
( ) xerox copy of land titles (TCTs) and tax declarations of real properties declared by the applicant
and cosigners in the information sheets.
( ) Statement of Assets, Liabilities and Networth and/or Latest Income Tax Returns with
supporting financial statements, if any, of cosigners
( ) PROPOSED COLLATERAL SECURITY –
( ) CASH (equivalent to the amount of the bond)
( ) Bank Deposits (Savings/Time equivalent to the amount of the bond).
( ) Real Estate Property ( copy of TCT, Tax Declarations on land and existing improvements;
Appraisal Report by a licensed a appraiser; Fire Insurance Policy, Vicinity & Location Map)

NOTE: Real property should be residential, commercial, or industrial lots with improvements, under
clean title, and with a market value of double the amount of the bond.

( X ) OTHERS
ANY GOVERNMENT ISSUED ID OF THE PROPRIETOR/OWNER AND 2 COSIGNERS