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Category Archives: Performance Bonds
You may hear different opinions on the subject but there is substantial proof that 2012 was a fruitful year for innovative construction in the U.S. The industry is an intensive and volatile one, heavily affected by an economic downturn. There are also many laws and regulations to follow, which make it a difficult playground: from read more »
The moment has finally arrived; the Small Business Administration is pushing enhancements to their struggling bond program. The improvements are small, but it’s a step in the right direction.
In many cases small businesses and federal construction jobs mix like water and oil; they avoid each other. The government seems to gravitate to larger contractors as they have relative ease getting bonded in standard surety markets. The small contractors avoid the government funded SBA (Small Business Administration) Bond Guarantee Program, which is in place read more »
Green energy is here to stay and the state of Illinois is taking advantage of it via wind farms. Once the wind farms have served their point, they must be decommissioned or removed for the environment’s sake; surety bonds are one way to assure that it happens.
Whether an entrepreneur is opening a new car dealership or a contractor is building a bridge, surety bonds exist to guarantee business will be done properly. When it comes to federal construction projects, some deceptive contractors will try to sneak their way through surety regulations that are in place to protect the public; and that’s read more »
The world of surety seems to be doing just fine amidst the down economy. There are still a lot of construction jobs available and many bonds to be written; but could the healthy appearance of the surety industry be somewhat of an illusion?
