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In Part 1, we discussed the major difference between Liability Insurance and Performance Bonds. In addition, we reviewed the steps the Surety must...
Depending on the type of construction project, the General Contractor may be required to provide both General Liability (GL) coverage along with...
Last week we explored the types of financial ratios available to the Contractor and began investigating liquidity ratios. This week, we will continue...
Financial statements report the condition of a construction company and serve as a basic measurement of the company’s strength or weakness. To...
A surety bond is a three-party contract between the Surety, the Principal, and the Obligee. The Surety is the party that issues the Performance Bond...
Sureties are a specialized division within the insurance industry that work with Contractors to underwrite and provide bonds. When working on a...
Surety bond programs are not a one-size-fits-all for construction companies. This is the reason why we see hundreds of surety companies in the...
Often for Contractors, the time comes when you look at the upcoming bids list and wonder how you can qualify for the larger jobs that your...
You have spent years building your company to the success it has now, but what happens when you want to retire? Figuring out how to carry on your...