Enter one or more keywords to search.
Wildcards - "*" and "?" are supported.
Search results for: Bid-Bonds
Results per page:
Category:
5 results found
https://completemarkets.com/Article/article-post/2119/INSURING-CONTRACTORS-BE-CAREFUL-IT-CAN-BE-A-BIG-E-O-HEADACHE/
...ldn't be provided, and the client's bid was rejected. The manufacturer sued th...hority limitations when the requested bonds are in excess of its bonding limit...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/164/Windows-Of-Opportunity/
... bonds is a time-consuming task that requires a working knowledge of the construction industry and financial analysis. Simply learning the intricacies of surety bonds took two or three years, while picking up construction industry terminology is an ongoing process, Ward says. You have to know what a CMU (concrete-masonry unit) is, ' for example, says Ward. The agency also spends a great deal of time issuing bid bonds for clients who are bidding on jobs-as many as 20 bid bonds for every successful bid. The agency receives no commission unless the builder wins the bid. A final drawback: the agency is at the mercy of the same market forces that create dramatic swings in the construction industry. If contractors aren't working, then the agency isn't making any money on that line of business. Still, ... a construction firm office up the street walked in and asked if we had a contractor surety questionnaire, ' recalls John Ward, one of two principals in the family-owned business. The contractor had messed up the form provided by an out-of-town agent and needed a clean version to fill out. I said I could provide the same service for him locally, ' says Ward. We had never done surety bonds before and I thought it would be like writing a fire policy. It was a real learning experience. Today, due to a lot of hard work and a common sense approach, construction surety bonds-guarantees that contractors will complete construction projects-account for about 15 percent of the agency's $2.25 million in annual premiums. Three-quarters of the agency's business is in commercial lines, and about half of that is with ...
https://completemarkets.com/Article/article-post/2252/WORKING-WITH-A-TELEMARKETING-SERVICE/
...iness? When do you begin your bidding process? When do you prefer ...
https://completemarkets.com/Article/article-post/1154/CONTRACTORS-PRE-APPROACH/
...re lower insurance overhead into my bids? 3) Can SOMEBODY explain bonds to my satisfaction? At (Your Agenc...
https://completemarkets.com/Article/article-post/1629/MANAGING-RISK-A-GUIDE-FOR-YOUR-BUSINESS-CLIENT-PART-1-OF-4/
...ases. Risk managers may also handle bid, performance, and permit bonds. Professional Networking. As in ...