Surety Matters

Our blog covering the latest in bonds and insurance
Displaying 33 results for: surety
Contract Surety 04.03.2020

The Potential Impact COVID-19 Will Have on Contract Surety

The coronavirus pandemic fosters a plethora of uncertainty for contractors, subcontractors, suppliers, owners, and sureties. In every state across America, guidelines are being put in place to determine if construction is an “essential” infrastructure to…
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The Potential Impact COVID-19 Will Have on Contract Surety
Surety Bonds 02.23.2020

Does My Startup Really Need a Surety Bond?

Fostering a startup takes exceptional tenacity and patience. From the moment of launch, it is crucial for business pioneers to earn and nurture customer trust and establish legitimacy within the marketplace. One effective method nascent…
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Does My Startup Really Need a Surety Bond?
Surety Bonds 02.13.2020

What are Principals and Obligees in Surety?

Whether you’re starting a business, launching a construction project, or entangled in court, you will need a surety bond to guarantee payment from the surety to the obligee if the principal is unable to meet…
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What are Principals and Obligees in Surety?
Surety Bonds 12.24.2019

The Parties in a Surety Agreement

A surety bond can be required to start a business, take on a public construction project, or fulfill a court requirement. A surety bond is a three-party agreement between the principal, obligee, and surety. If…
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The Parties in a Surety Agreement
Contract Surety 09.05.2019

Rebar Free Design Allows Contractor to Top Out Building in 10 Months

Using a composite steel frame that is rebar free, The Erection Co., finished topping out its 850 square foot Rainier Square Tower in Seattle, Washington in just ten months. The building is scheduled for completion…
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Rebar Free Design Allows Contractor to Top Out Building in 10 Months
Contract Surety 09.05.2019

Project Design Problems Cause Cost Overrun

Design plans can cause a contractor’s project cost to go over budget all by themselves. Even if proper time and resources are spent on estimating the scope of the project as well as its cost…
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Project Design Problems Cause Cost Overrun
Contract Surety 08.13.2019

Technology Fills Construction Skills Gap

Contractors and construction companies have decried the lack of skilled workers available to them, even as the United States goes through a construction boom. If there are fewer skilled workers than ever before with more…
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Technology Fills Construction Skills Gap
Contract Surety 07.22.2019

60% of Construction Being Done in 10 States

The United States is going through a construction boom, with more investment on the way due to looming necessary infrastructure upgrades. But the construction boom wealth is not being shared equally throughout the whole country….
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60% of Construction Being Done in 10 States
Contract Surety 07.16.2019

Modular Building Speeds Up Construction Process

Some buildings and structures may have many uniform rooms or pieces within them and those, such as hospitals and hotels, may be candidates for modular construction. In modular construction, separately made parts of a building…
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Modular Building Speeds Up Construction Process