Recent Posts
Surety Bonds and P3 Projects: A Colorado Case Study
Think of the growing infrastructure projects across American cities. These developments are at times so costly that taxpayer money alone cannot fund them. That’s ...
07/26/19
Influencing (and Increasing) Your Bonding Capacity
Construction bond capacity matters — sometimes more than firms may realize. Simply put, bond capacity can either hold you back from the growth you’ve envisioned ...
06/24/19
Release of Retainage Bonds: A Tool That Can Provide a Benefit to the Contractor
I was holding an annual surety account meeting out on the golf course one day with the agent and the contractor. This contractor works primarily as a ...
06/21/19
Can You Explain Your Bid Spread?
If you were to ask contractors what they like most about construction, they probably wouldn’t say, “I love preparing bids.” Most contractors love being on the job ...
06/19/19
Face-to-Face Meetings with Contractors Are Key
“Your word is your bond.” In no other line of work does this age-old phrase ring as true as in the surety business. We often talk about “the three c’s of credit” ...
05/20/19
Letter of Bondability - It is not the prequalification some think it is.
You may refer to them as Good Guy Letters, Sunshine Letters or just a Contractor Letter of Bondability. These letters have been around a long time, and their ...
05/08/19
Weather Delays & Construction Contracts - Are You Prepared?
Did you know that since 1980, there have been 246 weather-related disasters in the U.S. that cost $1 billion or more? Tropical storms, hurricanes, tornadoes, ...
04/23/19
Surety Bond Claims 101
There’s nothing quite like the sinking feeling you get when you hear there’s a claim against your bond. Despite your best intentions, it’s likely that you’ll face ...
12/07/18
The Importance of License and Permit Bonds
There’s an element of risk in every business transaction. License and permit bonds were created so that municipalities could help protect citizens from ...
12/04/18
Corporate Crime - How Fidelity Bonds May Reduce its Impact on Your Business
The industry refers to employee theft as white-collar crime – or corporate crime. Corporate crime refers to financially motivated, nonviolent crime committed by ...
11/29/18