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
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.
Subcontractor Performance Security: Questions Answered
Contractors shouldn’t underestimate the value of a surety bond guarantee when bonding subcontractors, what that means to the subcontractor providing the bond and how that makes them approach a bid.
2018 Executive Insights: Insurance and Bonding
Six industry experts offer insight on insurance and bonding best practices.
Protections From the Failure of Other Contractors: Maintain Security Rights
Failure by any project participant can be felt up and down the payment chain and extend to other projects. For protection against other parties’ failures, always preserve mechanics lien and bond claim rights.
Understanding Bonding Capacity in a Soft Market
Surety capacity is at an all-time high and underwriting remains relatively soft. Express, or credit score-based programs, are available for small bonds, but this is a good time to pursue traditional bonding capacity as well.
What 2017 Brought in P3 Legislation and What to Expect in 2018
In 2017, several states enacted P3 legislation that allows or expands the use of partnerships for public projects. That trend is likely to continue in 2018, along with requiring surety bonds in P3 contracts.










