Surety Bonding
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.
Bonding Design-Build Contracts
There is a growing trend for owners to push erroneous design-build contractual terms and conditions onto design-build contractors that are well beyond what is reasonable and insurable.
Contractors Should Be Prepared for a Hard Surety Cycle
Currently, contractors are benefitting from loosened underwriting, lower rates and higher bond limits, which will eventually lead to larger surety losses as the surety marketplace tightens.
2017 Executive Insights: Surety Bonding
Get expert answers to questions on construction bonding, surety, risk management, dispute resolution and more.










