The Ormond Beach surety file lists aggregate capacity of $5,000,000 and bonded backlog of $3,180,000. What status should be reported?
Correct Answer
A) capacity available
Bonding status compares bonded backlog with aggregate capacity.
Why This Is the Correct Answer
Bonding status compares bonded backlog with aggregate capacity.
Why the Other Options Are Wrong
Option B: insurance renewal pending
insurance renewal pending puts the item in the wrong financial bucket, timing, base, or comparison for bonding status.
Option C: vendor credit hold
vendor credit hold puts the item in the wrong financial bucket, timing, base, or comparison for bonding status.
Option D: cash receipt posted
cash receipt posted puts the item in the wrong financial bucket, timing, base, or comparison for bonding status.
Memory Technique
Bonding Status drawer for Bid Coordinator: label compares before counting dollars.
Reference Hint
Open-book path: tab Contractor's Manual, 2025 to Business Administration, Bonding Capacity Monitoring; use the stated business record or control rule to verify the answer.
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