To many electrical contractors, surety bonds — and those who provide them — are a necessary evil. That view may even have hardened a bit in recent years as surviving sureties have ratcheted up their ...

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 ...

Small, start-up contractors — including minority- and women-owned companies — face a consistent challenge of accessing surety bonds, a third-party guarantee the project will be completed and paid for ...

In the heating and plumbing industry, licensed professionals are often required to post a surety bond. This state or local requirement ensures that customers working with heating and plumbing ...

Over the last 10 years, Ocean Construction in Marmora has worked on more than 100 federal construction jobs. Its specialty is National Historic Landmarks — things like roofing at Washington’s ...

With more projects requiring surety bonds these days, mechanical contractors without bonding could be limiting their company’s growth. The recession took its toll in the form of contractor defaults ...

Surety capacity was increasing at the start of 2012, says Marsh Inc., the big brokerage. Driven by new and expanded surety underwriting firms, new underwriting approaches and increased limits from ...

A recent decision from the D.C. Circuit Court of Appeals provides notice to construction performance bond owners and sureties that a bond owner may forfeit its rights under a bond if timely notice of ...

A surety is suing a Louisiana school board for $890,270 over an arts-center project on which the prime contractor defaulted. Surety bonds are three-way agreements, and litigation between sureties and ...

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 ...