Tag: Surety
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Surety industry sees education as key to opening doors for new construction firms
For many new contractors, bonding presents a chance to bid on larger or public contracts. But lack of familiarity with underwriting requirements—financial statements, work-in-progress schedules, character and credit history— can hold them back and prevent them from obtaining surety bonds. To help overcome those barriers, several leading surety groups and carriers are stepping up their…
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New Book Offers Construction Pros a Guide to Surety Bonds
Contractors, project owners, attorneys, CPAs and construction industry stakeholders now have an indispensable new resource. The Contractor’s Guide to Surety Bonds: A Primer on Contract Surety Bonding for Construction Professionals by C. Constantin Poindexter, has been officially released and is now available worldwide through Amazon and Barnes & Noble. Surety bonds are the cornerstone of construction…