Construction is an expensive and risky business where there is the danger of contractors not being able to undertake the projects at the amounts they bid. There’s a second area of concern too, as payment… Read Moreabout Why do Contract Surety Bonds Matter in Construction?
Construction projects and contract surety come bundled with an assortment of risks, ranging from inability to meet deadlines to poor workmanship to workplace injuries. But one of the biggest risks of a construction project isn’t… Read Moreabout Funds Control in Contract Surety
It’s tough to come up with an overarching description of the contract surety industry. Like the insurance industry its products so resemble, the industry is cyclical. The industry also has a long tail, meaning that a… Read Moreabout How the Contract Surety Industry Functions
When you try to purchase a bid or performance bond, it has to go into “underwriting” before you can actually receive your bond. So what exactly is contract surety underwriting and what goes into the… Read Moreabout What is Contract Surety Underwriting?
As the construction industry has rebounded since 2008 and continued to grow to this day, the biggest concern in the industry is finding dependable, qualified resources, specifically subcontractors, to work with on new and ongoing… Read Moreabout How to Make Sure Your Subcontractors Finish Their Work
Nearly every New Jersey school needs to provide some sort of transportation to get students to and from school. But what are the requirements of contracting student bus and transportation services in New Jersey? And… Read Moreabout How to Contract Student Bus Services in New Jersey
