Contract Surety

Onshoring Boom: Lucrative Opportunities 



The drive to bring manufacturing back to the United States has pumped piles of money,  public and private, into construction, and absent derailment due to labor challenges, the momentum is expected to continue, creating a halo effect for smaller contractors.


Mega Builds and Ancillary Builds Too

“This is a once-in-a-lifetime or a once-in-a-century-type event that we’re experiencing,” is how a leading  business consultant describes the opportunities stemming from efforts to onshore facilities for manufacturing. Though megaprojects are typically driven by big construction companies, smaller contractors can benefit from the “halo effect,” as Construction Dive reports: 


Private companies have spent more than half a trillion dollars since 2021 to onshore facilities back to the U.S….As long as labor shortages don’t derail that momentum, that record amount of manufacturing construction activity isn’t expected to slow down….Even contractors beyond the megaproject scope stand to benefit, as historic spending spills over to other project types as well — such as warehouses, distribution centers and surrounding community infrastructure. That presents a lucrative opportunity for contractors not only involved in the megaprojects but also in the numerous ancillary projects required to support them.


Having construction surety bonds at the ready is essential for contractors eager to get in on more of the action. Qualify for The Partnership Account® and you’ll be more competitive than ever as you use our power of attorney to issue your own bid bonds, in minutes. Order performance and payment bonds with speed and ease too. Win more work than ever as you leverage your:



  • surety line of credit—in writing;
  • private digital dashboard;
  • daily snapshot of single and aggregate limits 
  • ability to update work on hand—and increase your aggregate.



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Founded in 1930, Colonial Surety Company is a leading direct seller and writer of surety bonds and insurance products across the USA. Colonial is rated “A Excellent” by A.M. Best Company and U.S. Treasury listed. Let’s connect today: Colonial Surety.