Category: Contract Bonds

Whether you’ve grown multiple businesses or are starting to build your first one, odds are your inbox has been flooded with a number of business contracts. Small business owners depend on these contracts for the success of their company. With that said, business contracts are legally binding and …

Payment and performance bonds are obtained by contractors for construction jobs to protect different groups from unmet contractual promises. Public construction projects typically require these bonds, but private projects can also require them. Since the bonds are typically issued together, many …

Bidding on construction jobs is no easy task. Contractors need to understand the necessary costs, the state of the market and the ideal price point for jobs. On top of that, contractors also need to keep an eye on their competitors’ prices and sometimes need to bid on many projects at one time to …

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 …

Express Scripts now requires some applicants who wish to contract with their company to obtain a $500,000 performance bond for a minimum of the first two years of the  contract.

Scope creep is when a project’s scope grows past what was originally planned. This can include an increase in costs, time spent, and additional features that weren’t part of the initial agreement. Scope creep mainly peaks its head if changes go untracked and it can eat away at your budget. …