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Construction Oriented CPAs Play Key Role for Contractor's Bonding Needs We often hear contractors say that getting a job is the hard part – completing the project is the easy part. Many factors go into that, one of which is having ...
A Tale of Two Opportunities: Financing of Risk Through Subcontract Bonds Last month I met with two contractors where subcontract bonds were a central topic. The first was a paper general contractor, meaning they administered the ...
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 ...
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 ...
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 ...
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” ...
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 ...
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, ...
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 ...
Transitioning From Fastbonds to a Standard Bond Program Here are some important reasons why a contractor would want to transition from a credit-based bond program, or Fastbond, to a standard bond program - and how to ...

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