> ## Documentation Index
> Fetch the complete documentation index at: https://docs.amlok.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Surety benchmarks

> Evaluate contractor capacity, bonded obligations and evidence of financial deterioration.

Distinguish the principal, obligee, surety, contract and bond. A bond amount is not cash lent to a contractor. Performance and payment bonds support different obligations and should not be pooled without identifying their type.

## Financial-risk measures

| Measure | Definition and comparison rule |
| - | - |
| Working capital | Eligible current assets less supported current liabilities under an explicit adjustment policy. |
| Backlog capacity | Uncompleted contractual work relative to supported operating resources, with project timing identified. |
| Work-in-progress quality | Contract value, cost to date, estimated cost to complete, billings and collections reconciled by project. |
| Bonded exposure | Outstanding obligations by principal, related group, project and bond type. |
| Claims and recovery | Claim event, incurred or paid amount, completion costs and recoveries tracked separately. |

Cost-to-complete and backlog values require dated estimates. Do not treat a contractor's estimate as a realized project outcome or count a bid bond as funded debt.

## Public benchmark sources

[OSFI's insurer reporting guidance](https://www.osfi-bsif.gc.ca/en/data-forms/reporting-returns/filing-financial-returns/reporting-requirements-property-casualty-insurance-companies) identifies the property and casualty reporting framework. Use the applicable surety line and accounting period when available. Overall insurer results cannot supply a contractor-level default threshold.

A contractor evaluation requires project financials, bond terms and observed performance events. A public project announcement alone does not establish completion, profitability or a bond claim.

## AMLOK evaluation

Test contract and bond extraction, project-to-entity links and work-in-progress arithmetic. Hold out related contractors and projects to prevent the same economic exposure from appearing across evaluation partitions.

Evaluate financial deterioration, project-performance events and surety claims as separate labels with distinct horizons. For Signal, measure the evidence and timing of margin, liquidity or obligation changes. Report uncertainty where project estimates are stale or unsupported.

See [business underwriting](https://docs.amlok.io/research/business-underwriting.md), [document benchmarks](https://docs.amlok.io/research/document-benchmarks.md) and [robustness and governance](https://docs.amlok.io/research/robustness.md). AMLOK identifies assessment signals; it does not administer bond claims or contractor outreach.


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