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.
Surety Bonding
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.
Overview of Bonding Regulations for Contractors in 2017
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.
