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The Surety Bond Blog

Category Archives: Performance Bonds

Advice on everything from rates, bond lines, and everything in between. Stories on current events and examples of what not to do.

26
Feb
2014

How Do Bonds Work?

How do bonds work? This is a vague question that can be referring to many unrelated bond types. However, if you’re looking for a guide on how surety bonds such as license and permit, contract and court bonds work, or are looking for an explanation of how fidelity bond insurance works, you have come to read more »




05
Aug
2013

Cracked: The why and how of performance bonds in Texas

When you are developing your business in the construction field in Texas, you quickly learn that you have to play by many rules. If you are a newbie, it is likely that the amount of licenses, permits, regulations and administrative steps might discourage you. With time, however, it does get easier and your contractor business read more »




08
Jul
2013

The benefits of performance and payment bonds: the Illiana Expressway case

If you are just now making your way in the public works bidding arena as a construction contractor, there are a few terms and requirements that you will need to get acquainted with. Surety bonds are an important one, as several different kinds are often required in such projects and, more specifically, performance and payment bonds. They are read more »




17
Jun
2013

The contractors’ short guide to bid, performance and payment surety bonds

If you are a contractor who wants to get involved in public works, you are likely to stumble upon several administrative hurdles that might be completely unknown to you if you are new to the business. Among the rather exotic-sounding terms that will fly around, you will have to tackle three particularly important ones: bid bonds and performance read more »




22
May
2013

Constructing a Future: Top Buildings in 2012

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 »




09
Feb
2012

Federal Government Finally Hears Calls To Improve Their Surety Bond Program

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.