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SURETY BOND BLOG

Monthly Archives: February 2011

25
Feb
2011

Florida Can’t Get Transportation Project On Track

A revolutionary transportation project has recently been in deliberation in the Sunshine State. Florida has had plans to build a high-speed rail running from Tampa to Orlando, but there is a hurdle in the way. There are several local and national officials who are worried that the state taxpayer’s will be stuck with the responsibility read more »




24
Feb
2011

Unpredictable Job Meets Flexible Bond

Construction jobs tend to be costly and often unpredictable. This is why a surety bond is typically required for construction projects, especially when they are substantial undertakings. It has been quite an unpredictable endeavor when it comes to the project being worked on at Lake Mead in Nevada State. A company named Vegas Tunnel Constructors read more »




23
Feb
2011

Contractor Skates Off Job, Bond Saves A Park

Many skaters in San Marcos, Texas were not pleased when a contractor that was supposed to construct a skate park in the city fled the skeleton of a potential park. Fortunately for the city and skaters a like a surety bond was in place incase something like this occurred. A large crater in the ground read more »




22
Feb
2011

Unfair Or Necessary Changes for Debt Management Companies

The surety companies who write the surety bonds for many to operate a legal business always have to meet some sort of state or federal requirements. These requirements are for the benefit of the obligee requiring the bond and the principal obtaining the bond; the requirements are meant to avoid financially questionable sureties writing bonds read more »




21
Feb
2011

Surety Bonds Going Green

The uses of a surety bond can be quite versatile. The general public usually associate surety bonds with the construction of buildings and various structures; but there are more purposes outside of construction jobs for surety bonds. The state of Texas actually did the opposite, utilizing surety bonds for deconstruction in favor of the environment. read more »




15
Feb
2011

Mexican Government In Hot Water Over Broken Bonds

Many custom surety bonds have written on “pointless paper” relating to the Bureau of Customs (BOC) and their imports/exports. Allegedly, the Mexican government lost billions of pesos in the past several years due to having unstable surety companies guarantee the required bonds. The committee on ways and means in the House of Representatives has chosen read more »