RSC Electrical and Mechanical Contractors Inc
RSC Electrical and Mechanical Contractors Inc. is a heating, ventilation and air conditioning firm. It has been in business for over thirty years. The company’s operation has moved from one generation to the next. It is valued at over $20 million and has over 150 employees. Its bonding limits were challenged by its bonding company as a result of its purchase of a substantial amount of real estate. RSC called on the Capital Region Business Center to assist with securing single and aggregate bonding limits commensurate with what it previously carried. The Center got involved and identified other sureties that were less sensitive to a diversified portfolio (real estate). These sureties placed more value on two factors: an excellent performance record, that is, the successful completion of projects; and two, the safety of employees, that is, an experience modification rate under the value of 1. The Center was able to assist RSC in obtaining an aggregate bonding limit of $25 million dollars and a single limit of $10 million dollars on any one contract.