Driven. Experienced. Connected.

Intro

5th Down Consulting Group, a minority-owned firm, was established to address the needs and concerns of minority/female, small business contractors requiring a contract and commercial surety bonds on public and private contracts.

The firm has over 30 years of surety bond experience in prequalifying small and emerging DBE, MFBE, SBE, LSBE, 8-A firms with access to Standard, Non-Standard, and SBA surety bond markets. The foundation of the firm is based on experience, knowledge, and relationships, which are honest and forthright with the client. One must sit down with the client to ascertain the specified needs. We will get a clear understanding of the issues at hand, provide feasible, and functional guidance.

The goal of the firm is to provide surety bond prequalification before you are required to provide a Letter of Bondability, Bid Bond, Performance Bond, and Payment Bond on public, Title VI, federal, military, and private sector projects.

Prequalification starts with a one-on-one consultation while providing a completed contractor’s questionnaire. All consultations begin with compiling underwriters’ information of the owner’s background, experience, education, and capital position. The following certifications DBE,8-A, SDVOS, MBE, WBE, and LSBE may require bonding to participate in contracting opportunities. Examination of contract terms and conditions will be necessary to determine the surety company’s obligations under the bond covering the contract. The level of prequalification is underwritten through Standard and SBA Surety Bond Markets. Examination of the company’s and owner’s financial position, banking relationships, job cost accounting system, and estimating system are discussed during one-on-one consultation.

Mission

It is the Mission of 5th Down Consulting Group:

• To educate the minority/female business community on becoming prequalified for surety bond credit
• To prequalify minority /female firms to receive letter of bondability, bid bond, performance bond, and payment bonds
• To develop a working relationship between the surety industry underwriters, construction firms, and policy makers.
• To provide a high level of timely service and guidance to each client
• To increase the bonded minority percentage of Title VI participants and other public entity goals and objectives

5th Down’s Contract Surety Bond Pre-Qualification Capabilities:

• Provide market access to Treasury Listed Standard and SBA Surety Bond companies
• Review and analyze financial statements Provide program capacity single and aggregate job limits based on thirty (30) years of underwriting, placing, and servicing surety bond business
• Prepare comprehensive underwriting submission to be presented to the appropriate market for general and sub contractors
• Provide the necessary experience and knowledge to build a strong and sustainable firm pursuing contract surety bond projects
• Provide the necessary guidance when the owner(obligee) is offering multi-year contract terms and conditions to be bonded
• Provide insight and guidance when pursuing contracts requiring Bid, Performance, and Payment Bonds required by Title VI of the 1964 Civil Rights Act

Services

Our Contract Surety Bond Services:

• Letter of Bondability
• Bid Bonds
• Performance Bonds
• Payment Bonds
• Maintenance Bonds
• Labor & Material Payment Bonds
• Subdivision Bonds
• Supply Bonds
• Court Bonds
• Probate Bonds
• Miscellaneous Bonds

Our Founder

Darrell O. Morgan, a native of Atlanta, GA, is the founder of 5th Down Consulting Group, LLC.

Education & Credentials:

• Bachelor of Business Administration Degree in Accounting, University of GA
• Aetna Life & Casualty Surety Bond School (Hartford, CT)
• Aetna Life & Sale Agent School (Hartford, CT)
• Series 7 Registered Securities Representative
• Fully-licensed Insurance Broker

Experience:

• Surety Bond Broker for Interstate Insurance Services - a subsidiary of H.J. Russell & Company (Atlanta, GA)
• Morgan Insurance Group, Inc.
• Joint Venture Partner for 1996 Olympic Games (Atlanta, GA)
• Co-Broker of Record for the City of Atlanta, Metropolitan Atlanta Rapid Transit Authority (MARTA), and DeKalb County Jail
• Placed property, liability, OCIP, and bond programs through Lloyds of London and Bermuda Insurance
• 5th Down Consulting Group, LLC:
• Created to address needs of minority/female, small business contractors requring contract or commercial surety bonds on public and private contracts
• Consulted with Fulton County Government to provide Surety Bond Prequalification for registered vendors
• Placed surety bonds with Small Business Administration Surety Bond Guarantee Program
• Established relationships with CNA, Hartford, Philadelphia Insurance, and Crumps & Forrester Insurance Companies

Contact

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