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.
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.
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.
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.
Construction Contract Payment Terms Aren’t Worth the Paper They’re Printed On
As construction becomes more complicated and project participants have no direct contractual relationship with others on the project, there is an element of fear (and risk) that leads to overly complicated contracts.
Lessons Learned from Hurricane Irma
Hurricane Irma proved that buildings constructed to high wind design guidance performed well and provided critical performance information of high wind codes and standards.
