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Contractor Materials Shortages and Materials Price Inflation We all know well that the availability and prices of many of the materials used by construction contractors have been affected dramatically since the start of the ...
It’s Not Just About Rates. It’s About Valuable Service. In today’s world, we are surrounded by advertisements. And whatever the product is, advertising consistently drives price to hook new customers. But is that the ...
How The Cost Of A Contract Bond Is Determined What goes into determining the cost of a contract bond? Here is a basic introduction and some of the most common contract bonds: Bid bond—surety consents to ...
How to Get Your First Bond Are you ready for your first surety bond? Check out this two-part blog post on acquiring your first bond.  In part one, we discuss why a surety agent is important ...
Surety Bond or Letter of Credit: What's the Difference? Surety bonds and letters of credit (LOCs) both provide risk management for construction or development projects. To know which is appropriate to use, it helps to ...
Why Work in Progress Schedules Are So Important I’m sure you’ve heard these questions or some variation of them too many times to count. “Can you send me a WIP that goes with this statement?” “Can you send me ...
Worker’s Compensation – Subs, 1099s, Employees – From a Risk and Bonding Perspective – It Does Matter! Workers’ compensation can be a sticky wicket for construction firms. It’s an area where new contractors and veterans alike can find themselves in legal and ...
How Do I Increase My Bonding Capacity? We are often asked by agents and contractors about how they would go about increasing their bond capacity.  The amount of things a contractor can do to accomplish ...
Consider These 4 Questions When Hiring a Subcontractor If you’re a general contractor, you know the right subcontractors can mean the difference between a smooth job and a million headaches. While a surety company ...
The ABCs of Surety Bonds What's the difference between surety bonds and insurance? That’s a question I hear often, and it’s a good starting point for discussion. Knowing those differences ...

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