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<br />ITB #24-07-01 – Construction of Intracoastal Sports Park <br /> <br /> <br />Design-Build | Construction | General Contracting <br /> <br />RE: ITB #24-07-01 – Construction of Intracoastal Sports Park <br />– Bonding and Financial Capacity <br /> <br /> <br />Bonding Capacity <br /> <br />Vercetti Enterprises currently has a bonding capacity of $20 million per project and <br />$40 million aggregate. <br /> <br /> <br />Financial Capacity <br /> <br />Vercetti Enterprises has completed over $40 million in projects and has financial <br />means to purchase materials and equipment in advance to accelerate and maintain <br />project schedules. <br /> <br /> <br />Credit Lines <br /> <br />Vercetti Enterprises has a $1.5 million in credit line with Popular Bank. Vercetti has <br />not used more than 25% in its history. The relationship between Vercetti and Popular <br />Bank is very healthy. As such, Vercetti was chosen to build two of the latest bank <br />branches; Sunrise and Miami Beach. <br /> <br /> <br /> <br />