Surety bonds serve as a safeguard to ensure the fulfillment of contractual obligations and help owners manage the risks that come along with the construction industry. A surety bond is an agreement ...
Surety bonds are the underpants of many kinds of commercial construction; warm and comfortable, and in case of an accident… Sureties go with bonds like… well, like elastic goes with undies to keep ...
Placing concrete requires specialized skills and equipment. The licensing requirements for concrete contractors vary from state to state. In some states, concrete contractors need a specific license ...
Lowering the cost of required surety bonds can help construction subcontractors reduce the monetary burdens - here are seven tips to help reduce those costs Mar 8, 2018 Running a business as a ...
Construction projects today are growing in complexity as labor shortages, supply chain issues, and rising costs persist. As a result of unpredictable risk exposures like these, surety bonds continue ...
A construction project can be a breeding ground for general contractor versus subcontractor payment disputes. Whether it is payment for extra work subject to the project owner’s approval, slow pay or ...
The surety industry is asking federal, state and local officials to take emergency action to update decades-old surety rules requiring stamped notarizations and ink signatures that the Covid-19 ...
For construction attorneys, it's now critical to understand the ins and outs of surety bonds and how they're used in the context of private projects. During uncertain times, people look for a security ...