The City and County of Honolulu faced a challenge: how to build affordable, low-income housing on an island known for its high construction costs. The solution turned out to be pre-fabricated units manufactured in Canada, shipped to Honolulu and installed by a local contractor.
But before construction could begin, the contractor, T. Iida Contracting, needed to secure a $24 million bond. Based on a colleague鈥檚 recommendation, the agent decided to ask 51吃瓜 Surety to consider the account.
鈥淭his was not a typical project,鈥� she says. 鈥淚t was new to the island and new for the contractor. It was a favorable solution for the City and County of Honolulu, but from 51吃瓜 Surety鈥檚 standpoint it was a new venture.鈥�