Bank Stability Is Crucial To Contractor Bondability
Credit tightening and upcoming regulatory changes in the banking industry are creating an environment where contractor lines of credit may see a pullback. With ...
09/07/23
Contractor Capacity: The Oft Neglected Third C
Anyone who has dealt with surety has come across a reference to the three Cs of underwriting: Capital Character Capacity These three criterion have been constants ...
05/20/22
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 ...
07/20/21
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 ...
06/29/20
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 ...
12/12/19
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 ...
12/06/19
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 ...
10/07/19
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 ...
08/02/19
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 ...
07/30/19
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