Surety Bonding

The Three Cs of Maximum Construction Bonding Capacity

by Brent A. Kirkpatrick, Larry Mackowiak | Nov 1, 2017
Business | Finance | 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

by Matt Burchett | Oct 12, 2017
Finance | Safety | Surety Bonding

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

by Scott D. Cessar | Oct 10, 2017
Legal and Regulatory | Surety Bonding

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

by Martin C. McCarthy | Oct 2, 2017
Risk | Surety Bonding

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

by Kenneth W. Cobleigh | Aug 26, 2017
Insurance | Risk | Surety Bonding

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

by Construction Executive | Aug 21, 2017
Business | Finance | Risk | Surety Bonding

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

by Construction Executive | Jul 31, 2017
Insurance | Risk | Surety Bonding

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.

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CONSTRUCTION EXECUTIVE

The Three Cs of Maximum Construction Bonding Capacity

Understand the Surety’s Approach to Contractor Liquidity Analysis

Avoid Disputes From Incorporation by Reference Clauses in Surety Bonds

How to Build a Solid Foundation With Sureties

Five Strategies for Reducing Subcontractor Risk and Hiring Qualified Subcontractors

AIA’s New Insurance and Bonding Exhibit Creates Flexibility

Get It Right or Lose Payment Rights

Streamline Contractor Claim Investigations With Expedited Dispute Resolution Bonds

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Breaking the Bonds of the Past

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Construction Executive