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.Read more
Category: Performance Bonds
Advice on everything from rates, bond lines, and everything in between. Stories on current events and examples of what not to do.
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 …Read more
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 …Read more
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 …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.Read more
The Miller Act is the single most important piece of legislation when it comes to surety bonding. Learn what it was for and what it does to protect the public.Read more