Although business management and performance are the major factors that will determine which contractors survive the downturn in construction, the size of the contractor also comes into play. As a rule, project owners are more likely to continue with...
Bad things can happen even on the best-run construction projects. Unfortunately, many small and midsize contractors don’t consult their surety underwriter soon enough after they run into difficulties on the job that might trigger a bond—an event whic...
Although business management and performance are the major factors that will determine which contractors survive the downturn in construction, the size of the contractor also comes into play. As a rule, project owners are more likely to continue with...
Most public construction projects, and many private projects, require the general contractor to carry a contract bond: a financial guarantee to the project owner from a "surety underwriter" (surety) that the contractor will meet the contract provisio...
Installing ducts and showers in homes around the area, building additions to people's homes, putting new toilets in, you're probably not going to need a contractor's bond. But, when you get those big-time jobs, the ones that make or break the busines...