Surety Matters

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Displaying 6 results for: partnership account
Contract Surety 05.12.2020

Washington Construction to Fully Restart in June

Governor Jay Inslee of Washington State is working closely with the state’s construction industry to let projects resume in June. At a May 1st press conference, Inslee declared that the state will let novel construction…
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Washington Construction to Fully Restart in June
Contract Surety 05.11.2020

Michigan Offers Guidelines for Construction Sites Re-Opening

Michigan’s just gave the green light to construction, real estate, and other “low-risk” industries to restart business operations starting Thursday, May 7th. Governor Gretchen Whitmer previously suspended these industries on March 23 due to the…
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Michigan Offers Guidelines for Construction Sites Re-Opening
Contract Surety 03.18.2020

When Contractors Over or Underbill

Over or underbilling by a contractor can be a big problem for obtaining your bid and performance bonds from your surety bonding company. According to generally accepted accounting principals, contractors should report earnings based on the percentage…
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When Contractors Over or Underbill
03.05.2020

Here’s Why You Need a Bid Bond

Bid bonds are used primarily in the construction industry to assure the contractor can fulfill the job responsibilities listed in the agreement for the agreed price for the project owner. It protects the project owner…
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Here’s Why You Need a Bid Bond
Contract Surety 01.28.2020

Benefits of the Partnership Account for Associations

Our Partnership Account has helped streamline the bonding and insurance process for industry associations and their members. The Partnership Account is a business arrangement between Colonial Surety and industry associations that can help generate revenue…
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Benefits of the Partnership Account for Associations
Fidelity Bonds 01.23.2020

The Benefits of the Partnership Account for Pension Professionals

If you are a pension professional, you understand how taxing it can be overseeing employee benefit plans. As retirement benefits and plans transform over time, fiduciary duties remain obscure and ever-changing.  This process can be…
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The Benefits of the Partnership Account for Pension Professionals