For more than three decades, the NASBP William J. Angell Surety School has provided students with the opportunity to learn the business from top surety producers and underwriters in the industry. The 2015 Winter Session continued that tradition with the NASBP Surety School providing an outstanding learning experience to 93 students who represented NASBP members, affiliates and associates and non-members ...

In recent years, many governmental authorities find that they have fewer budgetary dollars to address needed infrastructure repairs and upgrades. Moreover, national engineering organizations, such as the American Society of Civil Engineers (ASCE), have assigned poor or failing marks to the state of America’s infrastructure. For example, recent ASCE Report Cards for the nation’s water and wastewater infrastructure average a ...

NASBP’s official magazine, Surety Bond Quarterly, is now available in a convenient digital format. As a surety professional, you must keep abreast of matters that impact your abilities to progress as a surety professional and to serve the needs of your clients. If you do not stay “on top of things,” you will not have the knowledge, skill sets, and ...

Whenever I speak with a NASBP member, affiliate or associate, the importance of education, in the broadest sense of the word, always works its way into the conversation. I cannot really say that I am surprised by that constant occurrence, as I am an adherent to the belief that everything we do has some component of education, both in receiving ...

In the northernmost sections of Canada, where the sun disappears for months each year during long, punishing winters, it’s not always easy to work outside and stay on schedule. A construction project anywhere on earth can hit a snag, but in the most remote areas of the world’s second-largest country in land mass, setbacks can be considerably more costly. The ...

New people come to the surety industry with a wide variety of education and experience. Many companies like to recruit business graduates or those with strong accounting backgrounds. Others prefer liberal arts majors who have demonstrated critical thinking, strategic planning and communications skills. Whatever their backgrounds, however, these new talents rarely have any real knowledge of surety bonds and the ...

Surety bonds on a public construction project offer an owner the best possible fiscal and risk management tool: (1) thorough prequalification of the contractor and assurance that the bonded contractor is qualified to perform the contracted obligation; (2) a guarantee that the contract will be completed if the contractor defaults on its performance obligation; and (3) payment of certain laborers ...

NASBP is pleased to announce that it is accepting registrations for the Winter Session of the William J. Angell Surety School from NASBP members, affiliates, and associates and from non-members. For more than three decades, the school has provided students with the opportunity to learn the business from the top surety producers and underwriters in the country. The 2015 Winter ...

Although the construction industry generally seems to be picking up, gross profit margins continue to be tight. These continued tight margins make it ever so important to have timely, accurate, monthly financial statements so the proper business decisions can be made. Nothing drives the financial statements for a contractor more than the calculation of the under and overbillings on a ...

Many might agree that it is a notable human tendency to grapple with complex systems through simplification. Simplification allows us to comprehend and to explain more readily to others. The fear quotient rises when we confront matters that appear overly complex; they become daunting unless we can segment issues into manageable elements. Each issue then can be addressed by a ...