2018 Executive Insights: Surety Bonding
Industry experts share their insight on surety bonding considerations.
Surety Program Considerations for Contractor Ownership Transitions
After years of dedicating their time, energy and resources toward building a successful operation, the principals of construction firms must deal with the challenge of perpetuating their company. Who will carry on their legacy, and what’s the best way to structure the transition of ownership?
The Year in Surety
Since 1998, the surety industry has protected more than $9 trillion in contract and commercial surety exposure, including $600 billion in 2017 alone.
Embrace the Bonding Process and Your Business Will Thrive
Establishing and maintaining a bonding relationship requires a significant investment of time and resources. This is driven by the surety’s need to thoroughly vet a contractor’s qualifications before extending surety credit.
How Different Types of Surety Bonds Support Small Businesses and Specialty Contractors
The type of surety bond with the greatest impact on small contractors and their business goals is a contract bond. Contract bonds can be further broken down into public and private sector construction bonds.
The P3 Balancing Act: Risk, Financing and Bonding
Public-private partnerships are becoming an important way to deliver large infrastructure projects in the United States. Most of these projects require surety bonds due to their size, complexity and scope of work.
A Surety Best Practices Checklist for Busy Contractors
Today’s global economy contains increasing levels of uncertainty, where even best-in-class construction companies can be impacted by changes in the surety marketplace unrelated to their own financial and operational performance. John Alberici, chairman of Alberici [...]
The Importance of Understanding Dispute Resolution Options
There are basically two ways to settle a dispute - have a judge, a jury or an arbitrator settle it or the parties can resolve the matter themselves. A mediator can provide guidance in resolving the dispute.
