Surety bonds are a means for independent contractors and small businesses to guarantee their performance under a contract. Surety bonds financially compensate the client if the contractor does not ...

Q. Should a driveway concrete contractor be bonded? How important is bonding? A. It depends on local regulations, as well as the scope of the project. Some states and municipalities require bonding ...

An insured, bonded contractor offers more financial protection if something goes wrong or someone is injured during construction. It's not enough to rely on the contractor's word that he's got ...

Construction contracts for commercial projects, including the ongoing boom in apartment projects, routinely require the general contractor and/or the subcontractors to provide performance bonds.

Placing concrete requires specialized skills and equipment. The licensing requirements for concrete contractors vary from state to state. In some states, concrete contractors need a specific license ...

Surety bonds assure project owners that a contractor can complete a project according to contract specifications. Requiring a surety bond on a project helps prequalify contracting firms based on their ...

For most contractors working in the U.S., construction bonds are one of the major requirements they need to meet in order to even apply for a project. Still, they are often confused by these bonds, ...

Q: I’ve been a contractor for years and never been asked for a bond. But a new client insists on it. Can you help me to understand bonding? A: Surety insurance is unique: The surety company’s ...

In a recent case from the U.S. District Court for the District of Columbia, United States ex rel. Scollick v. Narula, Case No. 1:14-cv-01339, two surety companies and the broker that issued bonds on ...

Contractor license bonds are a licensing requirement that aims to safeguard homeowners’ interests and guarantee that contractors will complete their agreed jobs. As in most states, Arizona contractors ...

California Contractor Bond & Insurance Services, a surety and insurance service provider based in San Diego, CA, is now offering reduced license bond rates for contractors with bad credit. As an ...

Q. Should a driveway concrete contractor be bonded? How important is bonding? A. It depends on local regulations, as well as the scope of the project. Some states and municipalities require bonding ...