Construction performance bond

construction bonds

4 Types of Problems Small-Scale Contractors Face – Which One Are You Currently Having?

The construction industry is expected to experience healthy economic times. Construction spending, for one, continuously grows according to the Department of Commerce. In fact, construction spending grew to $1.257 trillion late last year. Not only that, the Bureau of Labor Statistics confirms that the construction industry is generating substantial employment by opening 30,000 new jobs. That’s great news for many contractors. Small-scale contractors, …

4 Types of Problems Small-Scale Contractors Face – Which One Are You Currently Having? Read More »

how to verify surety bond

How can a surety bond be verified?

Much has been said about the key players of a surety bond, the process of obtaining a bond, and the role a surety bond plays in a specific industry or business. However, the issuance of a surety bond is not the final stage in the bonding process. Both the Principal and the Obligee need to verify its authenticity in order to prevent …

How can a surety bond be verified? Read More »

construction surety bonds

Construction Surety Bonds: 10 Important Questions and Answers

Greg Rynerson, CEO of a California-based surety company, Surety Bond Authority Inc, answers in detail on what you need to know about Construction Surety Bonds. Today, many small, emerging, and even large-scale contractors looking to secure surety bonds and expand their businesses have many questions about construction bonds as required by state laws. Greg Rynerson, …

Construction Surety Bonds: 10 Important Questions and Answers Read More »

Construction bonds

Construction Claims Prevention: How To Protect Yourself From The Start

A construction development project can be a high-risk endeavor and requires a carefully developed plan of action to ensure the terms promised will be executed correctly and fairly for all parties involved. When starting a construction development project, the earlier construction claims prevention methods are discussed, the easier it will be to mitigate the situation …

Construction Claims Prevention: How To Protect Yourself From The Start Read More »

Performance Bonds for Exporters

Performance Bonds for Exporters: How Surety Bonds Protect Purchasers

Surety bonds cover an extremely wide range of needs and purposes, especially when it comes to the global exporting industry is no different. Each year, millions of dollars in product and services are shipped internationally. In order to protect their investments, buyers will often require exporters to acquire a performance bond before finalizing any trade …

Performance Bonds for Exporters: How Surety Bonds Protect Purchasers Read More »

Construction Surety Bonds

Construction Surety Bonds: How They Benefit The Environment

Construction surety bonds serve a multitude of purposes, from reinforcing building standards to ensuring payments are made in full in regards to a specified contract. While it is true there are a variety of reasons for specific surety bonds, it is not widely known that some surety bonds are actually put in place to benefit …

Construction Surety Bonds: How They Benefit The Environment Read More »