NASBP’s survey revealed major findings and trends identified by NASBP surety company executives.

The assumption by courts for the duty to proceed is strong in construction projects, while the right for contractors to stop work is available in only limited circumstances.

Legal risks remain for the industry as stakeholders await the federal government’s next move.

PanchenkoVladimir/Shutterstock.com What faces our industry is a period of great opportunity balanced with some real concerns. In the recent Associated General Contractors of America labor results, each state varies with construction labor growth, but, overall, most are troubled by the decline in available, qualified labor in the construction industry. Most construction organizations can attest to that. The work programs have ...

Ktasimar/Shutterstock.com By Toby Miclette I heard a story recently about a public owner in the state of Texas using a security bond in an attempt to force a general contractor (GC) into executing a guaranteed maximum price (GMP) contract amendment at a price no greater than the Initial GMP (IGMP), even though there had been scope changes subsequent to establishing ...

By Martha Perkins Surety bonds guarantee capital, of course; but they also bring with them the expertise of the surety and reputational benefits to the contractors and construction projects that use them. But contractors who benefit from surety bonds should keep in mind they are subject to indemnity agreements that will bite if they fail to fulfill their end of the ...

How to take seriously the role of character in assessing the risk assocated with issuing a bond on behalf of a contractor.  For more, go to the summer issue of Surety Bond Quarterly

A court decision points to the possibility that sureties and bond producers may be held liable for their principals’ fraudulent receipt of payments from the government. For more, go to the summer issue of Surety Bond Quarterly

View them at the NASBP PR Campaign website. For more, go to the summer issue of Surety Bond Quarterly.

This new market offers bond producers the opportunity to help find a surety with an appetite for underwriting solar bonds. For more, go to the summer issue of Surety Bond Quarterly.