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The Chico Process From: Contractor To: Surety Agent Action/Result: Surety Bond requested.

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Presentation on theme: "The Chico Process From: Contractor To: Surety Agent Action/Result: Surety Bond requested."— Presentation transcript:

1

2 The Chico Process

3 From: Contractor To: Surety Agent Action/Result: Surety Bond requested

4 From: Surety Agent To: Surety Company Action/Result: Requests authority to issue bond

5 From: Surety Company To: Surety Agent Action/Result: Bond number assigned

6 From: Bond Agent To: Contractor Action/Result: Bond information provided

7 From: Contractor To: Obligee Result: Bond Data captured

8 From: Website capture screen To: Obligee Result: Data ready to be verified

9 From: Obligee To: Action/Result: Directed to proper company

10 From: Obligee via To: Surety Receive/Send application Action/Result: Directed to proper company

11 From: Surety Receive/Send application To: Surety database Action/Result: Search for a match

12 From: Surety Database To: Surety Receive/Send application Action/Result: Match confirmed

13 From: Surety Receive/Send application To: DHL eCourier or similar vendor Action/Result: Verified bond document

14 From: DHL eCourier or similar vendor To: All parties to the bond Action/Result: Bond record distributed

15 The Chico Process A verified bond record in each participants possession using non-proprietary open standards

16 Thank you


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