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Misconceptions about Surety

Misconceptions about Surety

Surety bonds are three-party contracts in which a Surety company financially guarantees to an obligee (entity requiring a bond) that the principal (you, the contractor) will act within the terms established by the bond. 

The functionality of surety bonds and the role of surety agencies are very straightforward however, Continue Reading...

An Overview of Permit Bonds

An Overview of Permit Bonds

Projects performed on city or county property typically require contractors to file a permit bond(s) before a construction permit will be issued. Here’s what contractors need to know about permit bonds.   

Construction permit bonds are surety bonds required by a local municipality or state agency Continue Reading...

Hard Work Should Pay Off (On Time)

Hard Work Should Pay Off (On Time)

The work contractors do is hard; getting paid for it should not be. Contractors deserve to be paid for their work on-time and in full. Unfortunately, payment delays are not uncommon in the industry. Below are some tested strategies contractors can take to reduce the risk of late payments and ways to handle them if they do occur. 
 

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How Contractor’s Can Protect their Tools

 How Contractor’s Can Protect their Tools

Besides years of experience and on-the-job knowledge accumulated, a contractor’s tools are the most important asset they have. A construction project, no matter the size, cannot be completed without the small hand tools or power tools a contractor accumulates over his or her career. Should tools go missing or be vandalized, there is a cost to replace them that can lead to project delays and loss of work. As construction tools become more Continue Reading...