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Surety Bonding

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Home » Topic » Risk » Surety Bonding

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.

2021 Executive Insights: Surety Bonding & Insurance

by Construction Executive | Apr 9, 2021
Business | Executive Profiles | Insurance | Risk | Risk Management | Surety Bonding

Industry experts share their thoughts and advice on mitigating risk, the "Three Cs" and navigating bonding in a post-pandemic world.

Surety Defenses: Overpayment of Contract Funds and Cardinal Change to Contract

by Gary Strong | Mar 13, 2021
Risk Management | Safety | Surety Bonding

Two common surety defenses to limit its exposure are overpayment to principal defense and cardinal change to the contract defense.

How to Maximize the Power of Surety Credit

by Robert Mercado, Michelle Johnson | Mar 3, 2021
Business | Finance | Risk | Risk Management | Surety Bonding

To maximize surety credit, prepare in advance for bond underwriting by looking at year-end financial statements and try to reduce items with a negative impact on surety-adjusted working capital.

Using Lien and Bond Claims to Secure Project Payments

by Jonathan Cheatham | Feb 15, 2021
Dispute Resolution | Legal and Regulatory | Risk Management | Surety Bonding

When disputes arise on a construction project, mechanic’s liens and payment bonds ensure that rights are protected, remedies for non-payment exist and that they are enforceable.
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