Surety Bonding
New U.S. bonding regulations may signify a trend toward better regulation of the construction industry through surety bonds. Bonds are also an option for providing financial security on projects.
Talking the Talk: How Contractors Should Communicate With the Surety
Viewing the surety firm as a business partner rather than an adversary can be the difference between a successful contractor and an unsuccessful one.
The Power of Partnership: Choosing the Best Surety Agent for the Job
Thanks to several years of favorable industry-wide results, there is plenty of capacity in the surety marketplace. Carriers and agents are aggressively competing for contractors’ business.
Filling the Surety Industry’s Generation Gap
Two-thirds of U.S. contractors are having a hard time finding qualified workers and possess a virtually nonexistent backfill of young talent entering the industry.
Three Key Determining Factors to Surety Bond Approval
Understanding the underwriting process for a surety bond can help secure approval. Three determining factors are experience, financial strength and financial presentation.
The Three Cs of Maximum Construction Bonding Capacity
Solid relationships between contractors and their sureties are a necessity for growth. Contractors can improve bonding capacity by focusing on the three “Cs” of bonding: character, capital and completion.
Understand the Surety’s Approach to Contractor Liquidity Analysis
Contractors must understand the surety’s approach to liquidity analysis to steer the bonding company—rather than being steered by it.
Avoid Disputes From Incorporation by Reference Clauses in Surety Bonds
The recent Maryland Court of Special Appeals opinion in the case of Schneider Electric v. Western Surety Company underscores the problematic interaction of incorporation by reference clauses in surety bonds.










