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Surety Bonding

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Home » Topic » Risk » Surety Bonding

Contractor’s Defense of Premature Miller Act Payment Bond Claims

by James McLaughlin, Brian A. Wolf | Oct 16, 2021
Contracts | Finance | Legal and Regulatory | Surety Bonding

On federal projects, subcontractors can make a payment bond claim if the contractor fails to pay them. However, a contractor’s surety cannot rely on a conditional payment clause to defend against the claim.

SFAA and NASBP Revise Electronic Surety Bonding Guidelines

by Construction Executive | Aug 12, 2021
Legal and Regulatory | Surety Bonding

The Surety & Fidelity Association of America and the National Association of Surety Bond Producers have jointly issued revised guidelines on electronic surety bonding and digital signature best practices.

Project Selection and Risk: Actionable Steps for Long-Term Success

by Marla McIntyre | Aug 4, 2021
Business | Business Intelligence | Risk | Risk Management | Surety Bonding

Gregg Lyon, Travelers, discusses the impacts of COVID-19 on contractors, contract surety bond losses, risks and project selection.

The Mystery of First Time Bonding: What Does It Take?

by Edin Zukanovic, Joshua Etemadi | Jul 13, 2021
Risk Management | Safety | Surety Bonding

Obtaining a surety bond for the first time is easier than one might think, similar to applying for a loan. The right CPA and surety bond agent can help contractors navigate the process.

Strategies for Resolving Disputes Arising Mid-Project

by Mackenzie Bell, Shoshana Rothman | Apr 23, 2021
Dispute Resolution | Legal and Regulatory | Surety Bonding

When disputes arise in the midst of a project, contractors should explore alternative dispute resolution methods that can help save time and money–along with relationships and the project itself.

Key Legal Considerations for Modular Construction Contracts

by Frederick E. Hedberg | Apr 15, 2021
Contracts | Insurance | Legal and Regulatory | OSHA | Surety Bonding

Modular construction projects involve complex commercial and legal issues that should be considered when drafting contracts. ConsensusDocs 753 addresses key issues of these hybrid transactions.

Positioning Your Firm for Maximum Surety Credit

by Andrew Dickson | Apr 13, 2021
Risk | Surety Bonding

Whether a small, medium or large contractor, there are important factors to keep in mind that will increase a company’s chances of keeping and growing its surety credit.

Four Ways Contractors Can Preserve Financial Integrity, Working Capital

by Jeffrey Desrosier | Apr 13, 2021
Business | Business Risk | Finance | Risk | Risk Management | Surety Bonding

There are four common challenges that can negatively affect creditworthiness: liquidity, borrowing for working capital, positive cash flow and the workforce.
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