Form a team and consider carefully how to make the accounting transition.
Read More »Current News
Watch for Changes in Key Performance Indicators Due to New Accounting Standards
The new standards may shift assets and liability presentations.
Read More »Become a Tiger in Surety Sales
Tiger Trust Award recipients are producers and surety underwriters who have persuaded private owners that surety bonds will protect their projects
Read More »Increasing Bonding Capacity and Maximizing Surety Credit
Financial strength and tracking project success will help contractors improve their bonding qualification
Read More »Miller Act Payment Bond
Federal Court Holds No-Damage-for-Delay Clause Unenforceable Against Subcontractor
Read More »Get Ready! There’s a Train A-Comin‘ —The New Lease Accounting Standard
The new standards will change contractors’ balance sheets, potentially violating debt covenants on loan agreements.
Read More »Bankruptcy Trustee Bonds—When a Trustee Isn’t Trustworthy
Creditors have rights to proceed against a trustee’s bond if the trustee steals or fails to properly manage the estate.
Read More »State of the Surety Industry 2019 Summary Report
NASBP’s survey revealed major findings and trends identified by NASBP surety company executives.
Read More »When is it Okay to say ‘No’?
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.
Read More »Smokers, Tokers, and Surety Brokers: A Look at Marijuana and Surety Law
Legal risks remain for the industry as stakeholders await the federal government’s next move.
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