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The Seven Deadly Sins of The Principal
Tariffs, Taxes, and Trade Wars: Using Material Price Escalation Clauses to Mitigate Risk in an Uncertain Political Climate
When Is It OK 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
Know the Fundamentals of Contractor Financial Statement Analysis, Part 2
THIS ARTICLE HIGHLIGHTS a contractor’s income statement and key disclosures that should be included in a contractor’s financial statements. When analyzing a contractor’s income statement, there are a few items of significance that should be noted. Regarding contract revenues, cost, and gross profit, ideally there will be a breakdown of the types of construction costs (materials, subcontracts, equipment, etc.) either on ...
Read More »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.
Read More »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 ...
Read More »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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