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Determining Standard vs Non-Standard Bond Limitations
Many active bond users can sometimes be limited in their bonding potential. These limitations occur differently depending on the bond program. There...
10 Surety Underwriting Concerns
Surety bond underwriting is essentially the pre-approval and evaluation of the two bond performance requirements. These requirements were determined...
Defaulting on Surety Bonds
When beginning work on a project, it’s often required that the contractors have surety bonds in place. However, not only can a surety bond protect a...
Why Should You Bond Back Your Subcontractors?
Shrewd General Contractors (GC) need to consider requiring surety bonds from their first-tier subs. This will help manage a contractor’s risk in any...
Surety Bonds and P3s
Public-Private Partnerships (P3s) involve a challenging combination of new relationships and risk transfers for the private sector. While it has...
Writing an incident Report - Step 1: Facts
Surety bonds are instruments that have been around for well over 100 years, in fact Suretyship, or guarantees, have been around for centuries. While...
Surety Bonds 101
Surety bonds are instruments that have been around for well over 100 years, in fact Suretyship, or guarantees, have been around for centuries. While...
Factors Sureties Review When Deciding To Retain a Defaulted Contractor
In the construction industry, there are times when Contractor default occurs. Unfortunately, defaults are not always foreseeable or manageable. Here...
Mid-Year Financial Planning Check-In
With the middle of the year and the end of the 2nd Quarter quickly approaching, as a construction firm Owner, make sure you are reviewing your...