A measure of a contractor’s backlog in surety bond underwriting calculated by taking a contractor’s Total Estimated Cost on a project and subtracting Estimated Cost to Complete. It is sometimes abbreviated CTC by surety bond underwriters.

Cost to Complete = Total Estimated Cost – Estimated Cost to Complete

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Josh Carson

Vice President at Axcess Surety

Vice President of Axcess Surety. Surety Bond and financial expert dedicated to helping businesses and individuals understand and obtain surety credit.

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