About CBI

Construction Bonds, Inc. works with customers to prepare the facts needed to acquire an accurate and timely bond. We believe fairness, honesty and common sense are important assets in helping construction-related businesses obtain the bonds needed to bid and win bigger contracts. We know the value of time in construction projects and maintain accurate files for our clients to expedite the bonding processes. We function smoothly with the U.S. Small Business Administration (SBA) Surety Bond Program and many “A” rated bond underwriters.

Our Team

Joshua Etemadi

Assistant Vice President

Josh Etemadi joined Construction Bonds, Inc., in 2007. Since joining the company in September 2007, he helped grow the company’s revenue by over 300%, leading to CBI’s acquisition by Murray in 2010. Josh was also an integral part of Construction Bonds, Inc. receiving the 2011 Small Business Administration’s first ever Surety Bond Producer of the Year award. In 2012, Joshua was promoted to Sales Manager where in addition to his responsibilities as a producer, Josh oversees sales and sales support staff to exceed production goals. He was promoted to Assistant Vice President in 2017.

Education and Experience

  • B.S. Business Management, George Mason University School of Management
  • Testified to the United States Congress based on his knowledge and expertise on surety bonding for small and emerging contractors.
  • Frequent guest speaker at universities, conferences and presents bond workshops for Federal, State and Local jurisdictions as well as General Contractors throughout the East Coast.
  • Loudoun Business Journal, 40 Under 40, 2016

Professional Association

  • National Association of Surety Bond Producers, having served most recently as Chairman of the Small and Emerging Contractors Committee.
  • United Way Regional Council of Loudoun County, Virginia.

Edin Zukanovic

Bonds Sales Executive

Edin Zukanovic began his tenure at Construction Bonds, Inc. in 2010 as a Surety Bond Producer. His prior bonding experience at an agency supporting only large contractors gives him a unique understanding of the surety industry. He has dedicated his career to helping small, emerging and distressed contractors succeed by obtaining the bonds needed to grow and win bigger job. Edin understands the challenges faced by first time bond clients and works with the U.S. Small Business Administration (SBA) Surety Bond Program.

Education and Experience

  • B.S., Business Management, George Mason University School of Management
  • Participated in bond workshops and training seminars through the GSA, District of Columbia Contractor Development Program, LSDBE, DOT and WSSC to name a few.

Professional Associations

  • Active member of the D.C. Hispanic Contractors Association
  • Active member of the National Association of Surety Bond Producers (NASBP) where he participates in the annual legislative fly-in lobbying on the contractors’ behalf.

Nebiyou Aynu

Surety Bond Producer

Nebiyou (Neb) Aynu started with Construction Bonds, Inc. in October of 2017 as a surety bond producer. Building relationships through sound business advice has become Neb’s most valuable skill. His surety bond clients appreciate his technical expertise and ability to analyze financial statements to help them create a comprehensive bonding program. He thrives off being outside of the office networking and building new relationships to see how he can be a resource. He is a true believer that your “Network” is your “Net Worth”.  He has a particular interest in working with small and emerging construction companies because he gets to see them succeed and grow throughout the years with his sound business advice.

Outside the office, Neb serves at his Church in Silver Spring, MD where he is a part of the “First Impressions” team. In his spare time he considers himself a “foodie”, exploring all the new restaurants in the DC area with family and friends and then running it all off at home in Reston, VA.


Education and Experience

  • B.S, Business Administration, Marketing Concentration, University of North Carolina at Pembroke
  • Property and Casualty License
  • Presents bond workshops for Federal, State and Local jurisdictions.

Professional Associations

  • National Association of Surety Bond Producers (NASBP)
  • District of Columbia Building Industry Association (DCBIA)
  • Prince William Chamber of Commerce (PWCC)

Kimberly Santiago

Branch Sales Support Manager

Kimberly Santiago has been with Construction Bonds, Inc., since 2011. She is responsible for bond generation, accounts receivable, surety premium reporting, and other office manager responsibilities.

Education and Experience

  • Certified Office Manager (COM)
  • Property Casualty Insurance License

Tony Macinanti

Vice President, Agency Bond Operations

Tony Macinanti started with Murray, CBI’s parent company, in 1995 as an Account Executive. He has worked in the Bond Department of Murray’s Construction Services Division since 1996.

  • Management and strategic growth of Construction Bonds, Inc. (CBI).
  • Management of agency/company bond relationships; including the identification and appointment of new surety markets to ensure the strategic growth of CBI and the achievement of agency bond growth goals.

Education and Experience

  • B.A. Mathematics, Boston College, Chestnut Hill, MA
  • Associate in Surety and Fidelity Bonding (AFSB) Designation
  • CPCU – Coursework Completion in Accounting, Law, Property and General Principles
  • Bond Consultant – Aetna Life & Casualty; Boston & Philadelphia 1984-1995
  • Instructor – Practical Selling Skills, Aetna Life & Casualty Bond School
  • Presenter and Author – Surety Bonding Seminars and Surety Bonding Articles.

Professional Associations

  • National Association of Surety Bond Producers (NASBP) – Committee Member – Commercial Surety and Industry Relations Committees
  • ABC Keystone Chapter – Past Chair, Legislative Issues / Legal Rights Committee

Our Parent Corporation – Murray

<>Construction Bonds, Inc., is owned by Murray, a large insurance broker located in Lancaster, Pennsylvania. Murray lends its resources and access to bond markets in support of CBI clients. CBI clients have access to additional products and services through Murray, including risk management, insurance, health benefits, third-party claim administration, wealth management and human resource consulting. Founded in 1930, Murray is an employee-owned company, with six offices located in the Mid-Atlantic Region, and clients in all 50 states.

To learn more about Murray, visit our website at murrayins.com.