Surety Bonding
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.
How to Build a Solid Foundation With Sureties
The ability for contractors to grow is generally contingent on a surety’s willingness to increase its bonding capacity.
Five Strategies for Reducing Subcontractor Risk and Hiring Qualified Subcontractors
Assessing and managing subcontractor risk are among a GC's top challenges, but there are strategies to mitigate the risk. From surety bonding to extensive financial and performance reviews, general contractors have plenty of options how to address risks and hire qualified subs.
AIA’s New Insurance and Bonding Exhibit Creates Flexibility
To keep up with legal and practice developments, the American Institute of Architects has put together a comprehensive set of revisions to its 2017 owner-contractor agreements.
Get It Right or Lose Payment Rights
Most public projects are bonded, which offers payment protection to subcontractors and suppliers. Subcontractors and suppliers on unbonded private projects can file a lien on the property in the event of nonpayment.
Streamline Contractor Claim Investigations With Expedited Dispute Resolution Bonds
Expedited dispute resolution bonds are a type of surety bond that provides protection to the obligee if the contractor defaults. An EDR bond combines the coverage options of a traditional performance bond with a streamlined claim investigation and adjudication process that helps address disputes quickly and keeps the project on track.










