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Surety Bonding

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Home » Topic » Risk » Surety Bonding

Financial Statement Basics: What a Contractor Needs to Know for Surety Bonding

by Matthew J. Boland, Martin C. McCarthy | Jun 8, 2019
Business | Finance | Insurance | Risk | Surety Bonding

When evaluating a contractor for surety credit, sureties look for the three Cs: character, capacity and capital, to form an opinion on a contractor’s past, current and future performance.

Construction Bonds Explained

by Todd Bryant | May 26, 2019
Risk | Surety Bonding

Surety bonds guarantee that contractors will perform a project in compliance with contractual conditions and legal requirements—protecting project owners, subcontractors and the public.

What Insurance Coverages Do General Contractors Need?

by Joseph Lalla | May 18, 2019
Cybersecurity | Insurance | Safety | Surety Bonding

A general contractor’s insurance needs can be complicated. A knowledgeable agent can help demystify the options, explain what to require from subcontractors and how to minimize risk.

How Surety Bond Claims Can Destroy a Contractor

by Eric Weisbrot | May 17, 2019
Dispute Resolution | Legal and Regulatory | Risk | Surety Bonding

To avoid a surety bond claim, contractors must know their limits, understand time and budget requirements for each project, and recognize the skills it takes to get the job done.

All About the Miller Act: Protections for Subcontractors and Suppliers

by Mary Bacon | May 13, 2019
Legal and Regulatory | Surety Bonding

The Miller Act requires general contractors to obtain payment bonds so that subcontractors and suppliers are guaranteed payment on federal projects.

Maximizing Contractor Capital for Increased Bonding Capacity

by Robert Mercado, William A. Clark Jr. | May 11, 2019
Accounting | Business | Risk | Surety Bonding

Many factors affect bonding capacity, but contractors have options that can enhance their capital position in order to maximize surety credit.

How Performance Bonds Work in Construction

by Todd Bryant | Apr 13, 2019
Dispute Resolution | Legal and Regulatory | Surety Bonding

A performance bond guarantees a contractor's performance under a contract. Here’s an overview of why they are required and how they work.

2019 Executive Insights: Insurance and Bonding

by Construction Executive | Apr 3, 2019
Business | Executive Profiles | Insurance | Risk | Surety Bonding

Industry experts share their insights on best practices for insurance and bonding.
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