Surety Bonding

The Availability of Contractual Defenses to Sureties in Miller Act Payment Bond Claims

by Scott D. Cessar | Oct 4, 2018
Dispute Resolution | Legal and Regulatory | Surety Bonding

A federal court's ruling in favor of a subcontractor’s delay claim, despite no damage for delay language in the subcontract, presents a potentially potent weapon for unpaid subcontractors and prime contractors.

A General Contractor’s Guide to State Surety Bond Thresholds

by Eric Weisbrot | Sep 21, 2018
Legal and Regulatory | Surety Bonding

Here’s a a comprehensive list of the thresholds for general contractors when it comes to staying compliant with license and bond requirements.

The Pros and Cons of Being a Qualified Contractor

by Eric Weisbrot | Sep 18, 2018
Business | Business Development | Surety Bonding

When the benefits and challenges are weighed against one another, those who have the personal traits and follow the licensing process will be set up for long-term success as a qualified construction contractor.

Two Sides of the Surety Risk Coin

by Peter Menge | Aug 28, 2018
Dispute Resolution | Safety | Surety Bonding

There are two sides to managing surety risk. When acquiring a bond, consider cost and the company’s bond limits. When making a bond claim, proactively communicate with the surety.

Dispute Resolution of Performance Bond Claims

by Scott D. Cessar | Aug 21, 2018
Dispute Resolution | Legal and Regulatory | Risk | Surety Bonding

To avoid litigation on whether a surety may be compelled to arbitrate, contractors and owners should specifically incorporate appropriate language in the contract documents.

Understanding and Mitigating the Risk of Construction Participant Failure

by Nate Budde | Jul 24, 2018
Safety | Surety Bonding

There are many ways that companies can avoid risks associated with subcontractor failure. Understanding the “why” instead of focusing on the symptoms can help fix the problem at the source.

Tangible Working Capital and Tangible Equity: What Do These Ratios Mean to Your Business?

Contractors and their CPAs and sureties should discuss and evaluate their tangible working capital, tangible equity and other relevant ratios on a regular basis. These discussions will lead to a clear understanding of their current scorecard, as well as create opportunities to plan for future needs.

Five Proven Ways Construction Subcontractors Can Reduce Surety Bond Costs

by Eric Weisbrot | Apr 27, 2018
Finance | Risk | Surety Bonding

The cost of a surety bond is an integral aspect of the cash flow of a construction business, no matter how large or small. Contractors should understand how bond pricing works and its link to personal credit history.

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CONSTRUCTION EXECUTIVE

The Availability of Contractual Defenses to Sureties in Miller Act Payment Bond Claims

A General Contractor’s Guide to State Surety Bond Thresholds

The Pros and Cons of Being a Qualified Contractor

Two Sides of the Surety Risk Coin

Dispute Resolution of Performance Bond Claims

Understanding and Mitigating the Risk of Construction Participant Failure

Tangible Working Capital and Tangible Equity: What Do These Ratios Mean to Your Business?

Five Proven Ways Construction Subcontractors Can Reduce Surety Bond Costs

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