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...
Although you're probably familiar with using Construction Surety bonds, you might not be aware of the legal relationships involved.
This type of bond is not an insurance policy, but a guarantee by a "surety' that a contractor ("principal") will pe...
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...
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...