CONTRACTAPPROVED

City of Charleston Awards Insurance Contract to Build America Mutual Assurance Company (July 2026)

City of Charleston logoCity of Charleston
Approved
Jul 6, 2026
Renews
Free account

The 30-second brief

What it covers

Through Resolution No. 26-077, Charleston approved the purchase of a Municipal Bond Debt Service Reserve Insurance Policy from Build America Mutual Assurance Company for its $18.4 million Series 2026 A sewer revenue bonds. The BAM policy will replace cash in the reserve account, freeing funds for sewer improvements while obligating the City to repay any draws and related policy costs.

Who holds it

Build America Mutual Assurance Company holds this insurance contract with City of Charleston. Its other public contracts on record include work for Eatonton-Putnam Water And Sewer Authority and City of Byram.

What happens next

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Contract details

Contract type
Insurance
Document date
July 6, 2026
Term
Term tied to the life of the Series 2026 A Bonds and reserve requirements
Renews
On record
Source document
City of Charleston City Council Minutes 2026-07-06 (Minutes)

Build America Mutual Assurance Company's other public contracts

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Questions about this contract

Who was awarded the insurance contract by City of Charleston?

Build America Mutual Assurance Company was awarded this insurance contract by City of Charleston, as recorded on July 6, 2026.

What type of contract is this?

This is a Insurance contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Charleston City Council Minutes 2026-07-06 (Minutes), dated July 6, 2026 from City of Charleston. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Build America Mutual Assurance Company hold?

Build America Mutual Assurance Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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