Staying Legal & Meeting Requirements Made Easy
Every Project Manager and Contractor involved in a Public Works project knows the challenges of having to hire a percentage of subcontractors that are certified by the state as “disadvantaged.” Too often, efforts result in fines and, in certain cases, prison time. Oriska Insurance provides surety bonding to “disadvantaged” companies that guarantees everyone meets regulatory requirements and stays within budget.
Helping Minorities Succeed & Project Managers abide by the law
We take the risk out hiring small and minority owned businesses. Small and minority owned companies are often viewed as risky, but Oriska Insurance enables firms owned and operated by veterans, women and other minorities to receive payment and performance bonds. Oriska Insurance guarantees their work to the general contractor.
But Oriska Insurance goes far beyond any other program available in that we mentor small and minority-owned businesses to ensure their success. We make it our business that our clients succeed. Oriska Insurance works within the goals outlined by the Metropolitan Transportation Agency and the Port Authority of New York and New Jersey ensuring that every minority business has mentors to guide them through the process of securing certification and bidding on contracts. Learn more about the added benefits of mentoring that Oriska’s surety bonding principals receive by clicking here.
Guaranteeing Minorities an Opportunity
Black-owned small businesses are nearly twice as likely to be denied credit, including surety bonding, making it harder for project managers and contractors to give them work. But Oriska Insurance Company’s surety bonding has the rights and responsibilities to ensure that the work is performed according to the terms of the contract, eliminating the risk of hiring a small or minority-owned firm. Everyone benefits!
“The surety bonding and mentoring provided by Oriska to Built-Right Construction gave us the start that we needed to become a reliable contractor and subcontractor on public works projects. Today we handle projects throughout the New York Metropolitan area.”
Angel Tapia. Built Rite Construction