Contractor default inflicts huge losses on everyone involved — on contractors and project owners alike, though in different ways — and can delay, and ultimately stop, a project. This is why surety ...

To many electrical contractors, surety bonds — and those who provide them — are a necessary evil. That view may even have hardened a bit in recent years as surviving sureties have ratcheted up their ...

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 ...

From bridge construction to janitorial services, most government agencies and many businesses require the businesses contracted to work on such projects to obtain surety bonds. A surety bond gives the ...

In the heating and plumbing industry, licensed professionals are often required to post a surety bond. This state or local requirement ensures that customers working with heating and plumbing ...

Beyond labor and project risk, sureties are urging contractors to pay closer attention to contractual obligations. “Nobody ...

Over the last 10 years, Ocean Construction in Marmora has worked on more than 100 federal construction jobs. Its specialty is National Historic Landmarks — things like roofing at Washington’s ...

A failed contractor means a failed project and a financial disaster. With every contractor failure looms the potential for abandoned and delayed projects, increased financing costs, capital calls, ...

Surety capacity was increasing at the start of 2012, says Marsh Inc., the big brokerage. Driven by new and expanded surety underwriting firms, new underwriting approaches and increased limits from ...

California Contractor Bond & Insurance Services, a surety and insurance service provider based in San Diego, CA, is now offering reduced license bond rates for contractors with bad credit. As an ...