Breaking the Bonds of the Past
For surety groups unable to build and maintain their own surety systems, third-party software solutions can help usher them into the next century of bonding.
Surety Bonding
Contractor’s Defense of Premature Miller Act Payment Bond Claims
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
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
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?
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
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
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
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.
