The Chico Process
From: Contractor To: Surety Agent Action/Result: Surety Bond requested
From: Surety Agent To: Surety Company Action/Result: Requests authority to issue bond
From: Surety Company To: Surety Agent Action/Result: Bond number assigned
From: Bond Agent To: Contractor Action/Result: Bond information provided
From: Contractor To: Obligee Result: Bond Data captured
From: Website capture screen To: Obligee Result: Data ready to be verified
From: Obligee To: Action/Result: Directed to proper company
From: Obligee via To: Surety Receive/Send application Action/Result: Directed to proper company
From: Surety Receive/Send application To: Surety database Action/Result: Search for a match
From: Surety Database To: Surety Receive/Send application Action/Result: Match confirmed
From: Surety Receive/Send application To: DHL eCourier or similar vendor Action/Result: Verified bond document
From: DHL eCourier or similar vendor To: All parties to the bond Action/Result: Bond record distributed
The Chico Process A verified bond record in each participants possession using non-proprietary open standards
Thank you