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… Read more »
Category: Contract Bonds
Contractor license bonds: a beginners’ guide
Surety bonds can be a puzzling subject to many people. Then again, there are a few simple distinctions that can help you greatly when you start operating as a contractor… Read more »
Surety Bonds Vs. Money In Escrow
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… Read more »
How to Bid a Construction Job in 4 Easy Steps
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… Read more »
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… Read more »
Turner Construction’s Contract Renegotiation Makes Them Pay
While surety bonds are set up to provide a form of insurance to all parties involved in contracts and large construction projects, they are not completely fail-proof under certain circumstances…. Read more »
