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SURETY BOND BLOG

Monthly Archives: March 2011

31
Mar
2011

Surety Bond Rate Shock, When Low Rates Go Sky High

There are countless clients calling us at JW Surety Bonds who are surprised and even frustrated when they find out how much a bond will cost them. Many of these customers have had bonds years ago claiming they only had to pay a fraction of what they are being asked to pay these days; what read more »




29
Mar
2011

How Bid Bonds Keep Government Entities Safe from Bad Business

Whether building roads, bridges, schools or offices, government organizations are one of the largest purveyors of private contracts nationwide. These lucrative contracts are generally handed out to the private firm offering the lowest bid for the project. But how does the government know if a company has the means to take on a project? How read more »




21
Mar
2011

Does Hipmunk Need a Seller of Travel Surety Bond?

Up-and-coming visual flight search engine Hipmunk, known for its color-coded Gantt chart approach to finding airfare, does not actually sell the tickets to the flights it sorts so nicely. Rather, upon choosing an ideal flight, visitors are sent to book through Orbitz while Hipmunk receives $3 per flight sold. A search of the Office of read more »




17
Mar
2011

Government Bond Program Bleeding Taxpayer Money

Once again amendments have been presented concerning the government run SBA Surety Bond Guarantee Program (SBA Program). Senator Ben Cardin’s (D-MD) staff has been cooperating with SFAA and NASBP in the final stab of the year to enact the Senator’s amendments concerning small contractors. Some wonder whether these changes are moving the program in the read more »




04
Mar
2011

Historic Chrysler Plant Demolition Protected By Surety Bond

The demolition of structures and buildings always bring about risks. The main risk is the potential damage that can be done to public or private property. Although it is not decided yet, a large former stamping plant may either be partially or completely demolished in Ohio; it seems a surety bond fits the mold to read more »




03
Mar
2011

Stolen Produce Forces Surety Bond Protection

In the land of the free, there are many honest and hardworking companies trying to get their piece of the American pie. Unfortunately it seems there are many deceptive companies lurking around to offset the honest businesses. Over the past year, many legitimate businesses had their produce stolen by a company in California State. A read more »