Past Features

2018 NASBP Resource Directory

The NASBP Resource Directory, which is published annually in the fall issue of NASBP’s Surety Bond Quarterly magazine, offers a valuable listing of NASBP specialist firms that help construction and other businesses qualify for and maintain surety credit. The NASBP Resource Directory lists the NASBP membership in three categories and geographically. For more, go to the fall issue of Surety Bond Quarterly.

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The Surety’s Salvage Rights Against the Principal, Indemnitors, and Third Parties: What Do Bond Producers Need to Know?

IT HAS OFTEN been said that a contractor’s bonding capacity is its lifeblood. On more than one occasion, I have been told by contractors that their bond producer is their most important business partner. In addition to helping contractors get the bonds they need, bond producers must also be prepared to serve as an advisor to the contractor/bond principal when something ...

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Connect with Clients and Boost Referals with Your Social Media Posts

LIKE ALL BUSINESS people, surety bond producers use many marketing techniques to attract and retain clients. In today’s techno world, social media is an important part of the marketing picture. For more, go to the fall issue of Surety Bond Quarterly.

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Know the Fundamentals of Contractor Financial Statement Analysis, Part 1

This is part one of a two-part article that highlights the different service levels that contractor clients can receive from CPAs and what level of assurance the users of the financial statements should expect based on the service provided. In addition, this article reviews a contractor’s balance sheet, which is a key component of the contractor’s financial statement. For more, ...

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The Future of the Construction Industry 2.0

Steve Halverson comments on the hits and misses of his 1994 Suretyscope article, “The Future of the Construction Industry,” offers predictions about what lies ahead for the industry, and concludes with some thoughts on the implications for industry leaders as they guide this great industry forward. READ MORE…

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Preparation of a Claim Against the Federal Government—It’s Not the Same Claim You Would Submit on a Private Project

Doing business with the federal government is very different from doing business in the private sector, and that spills over to the preparation, presentation, and resolution of claims. This article describes what federal contractors pursuing claims against the federal government need to know. READ MORE…

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Joint Venturing Under the SBA Mentor-Protégé Program

Joint venturing under a mentor-protégé agreement can be an invaluable way for a small business to gain government contracting experience. This article discusses the requirements of any joint venture agreement between a mentor and its protégé. READ MORE…

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A Look Back to the “Future”

In this reprint of Steve Halverson’s 1994 article, it is remarkable in hindsight to see how many of his predictions were on target for the construction industry. Halverson, likewise, was on point with the challenges he described in 1994. Such challenges are similar to those that the industry faces today, more than 20 years later. Based on his previous record, Halverson’s latest predictions are well worth close attention. READ MORE…

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Define the Surety Industry’s Future – Your Future – by Helping Develop Surety Data Standards

NASBP recently announced that the NASBP’s A&T Committee, working jointly with the Surety Forms Working Group, has added four surety bond forms to the ACORD Forms Library. Take this opportunity to have a seat at the table in defining the surety industry — your industry. READ MORE…

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