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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

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.
Josh Carson
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