bondability letter
A "bondability letter" is provided by a surety to potential obligees in connection with the prequalification process to verify that the principal will be able to provide the required bond for the project.
Additional Information
They typically do not say what the credit line is. However, they might state that the principal is able to obtain a bond for the identified project or that the principal is able to obtain a bond up to a stated amount.
Synonyms
"good guy" letter
