Category: News

As a contractor, you probably know you need a surety bond. Surety bonds are designed to protect you and your clients if one of you has questions about a project or if something does not go as planned. Despite the necessity of surety bonds though, many contractors do not know how to get them. They &h...

Most people do not think of a CPA, or certified public accountant, as a person who needs construction expertise. If you are a contractor or client, however, you will soon find out why your CPA needs to be specialized in construction. A CPA who understands construction is often the contractor and cli...

Though it’s unusual, there may come a time when you need to cancel a bond you have in effect, or when you face the danger of cancellation by another party. In general, this is not an easy process, as many states have enacted laws over the past several years which restrict the circumstances under w...

Many people are surprised the first time they seek a bond, to discover that collateral can become a vital part of the process. Since in many ways, a bond is more akin to a loan than to an insurance policy, bonding agencies can often desire something against which they can secure the services they of...

Anyone involved in the construction or contracting industries knows the importance—and the sometimes-unfortunate complexities—of surety bonding. Getting bonded carries so many benefits for your business, and may even be a legal requirement, depending on the work and individual project you’re p...

Technology is a fact of life in every industry everywhere these days. You quite simply cannot get by, let alone remain competitive, without adopting the latest technologies in at least some aspect. Our entire society is ruled by and dependent upon technology in a way that it wasn’t, just ten years...

2016 in many ways was a banner year for the construction industry with spending far up, to the tune of over 6% across the board in nonresidential construction and over 10% in residential construction. Because of this bounce-back, analysts had high hopes for 2017, especially since Federal policy was ...

Just like any business and industry, the construction industry follows trends in building that change from year to year. To remain competitive and solvent in the business, it’s essential to keep on top of the big coming thing. Unfortunately, the way these fads and trends move, it can sometimes be ...

Just about every contracting and service business knows how important surety bonds are to your ongoing solvency and practice. Whether you’re a major contractor or a small startup, having surety bonds enables you to stay competitive, engender trust among your clients and grow your business. Even mo...

Not only is the construction industry hazardous, but it’s constantly uncertain. Trends in the industry are constantly changing, and businesses have to stay on top of every new development to remain competitive, and to stay solvent and profitable. Currently, it looks very much like the future is in...