Surety Bonding

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

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

England’s Carillion Collapse Forces a New Global Surety Standard

by Steven Raffuel | Apr 2, 2019
Legal and Regulatory | Surety Bonding

In many countries, only 5-10% of contract value is covered in event of loss or default. In the U.S., surety bonds prevent disaster from happening in the first place but if a loss occurs, cover 100% of contract value.

Now Is the Time for Contractors to Prepare for the New Lease Standard

Contractors need to make sure they have systems in place to properly implement the new lease accounting standard, and they should be discussing any changes to their financial statements with their lenders and surety underwriters.

Surety Bonding in 2019: What Should Contractors Be Ready For?

by Vic Lance | Mar 4, 2019
Safety | Surety Bonding

New surety regulations across the country will require contractors to obtain construction bonds or contractor license bonds in different amounts and adjust to new compliance standards implemented by sureties.

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How Surety Bond Claims Can Destroy a Contractor

All About the Miller Act: Protections for Subcontractors and Suppliers

Maximizing Contractor Capital for Increased Bonding Capacity

How Performance Bonds Work in Construction

2019 Executive Insights: Insurance and Bonding

England’s Carillion Collapse Forces a New Global Surety Standard

Now Is the Time for Contractors to Prepare for the New Lease Standard

Surety Bonding in 2019: What Should Contractors Be Ready For?

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