BY TODD R. REGAN CRITICS OF THE use of surety bonds often point to perceived delays in the resolution of performance bond claims as a basis for turning to alternate forms of performance guarantees, such a letter of credit (LOC) or subcontractor default insurance (SDI). In order to address these concerns and to meet the particular needs of public private ...
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NASBP’s 2017-2018 President sees many new opportunities for the association’s growth in advocacy and communications about the surety product and in preparing talent to lead the surety industry. READ MORE…
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Peter Gibbs wants the SBG Program, currently with 30 participating sureties, to work efficiently and smarter, making it easier for surety partners to ensure small businesses are supported. READ MORE…
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This NASBP white paper provides a framework for discussions with project owners and others about the present need for bonds. READ MORE…
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The benefits of using drones on construction projects are clear, but know the potential risks and take steps to mitigate them. READ MORE…
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On the brink of a revolution! Learn about the industry’s recent advances in streamlining the transfer of surety bonding data and how it benefits bond producers, underwriters, and their clients. READ MORE…
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Here are tips how contractors can learn how to work within the system and how they can make the system work for them. Part 2 will be published in the fall issue. READ MORE…
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At last, a comprehensive set of materials addressing essential issues in joint ventures for surety professionals. READ MORE…
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Revisions made to the A201 General Conditions of the Contract for Construction and its related owner-contractor, subcontract, owner-architect, and consultant agreements are of interest to all project participants. READ MORE…
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“Fisherman know that the sea is dangerous and the storm is terrible, but they have never found those dangers sufficient reason for remaining ashore,” stated Ferdinand Magellan, an explorer from Portugal who became the first to circumnavigate the earth. Construction contracting is also a risky adventure. READ MORE…
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Surety Bond Quarterly Professionals in Surety Bonding