A contractor’s bonding capacity is an essential part of their business. It is the highest dollar amount that a contractor is approved for when it comes to bonding with a particular surety. Why is this amount so important? It specifies the biggest job that a contractor is able to bid on when a ...
Month: May 2018
Little Miller Act: Delaware
The Miller Act and Little Miller Act are two of the most important Acts to know when it comes to contract jobs for state-level and government construction. While many contractors are somewhat familiar with them, not all contractors understand their full ramifications. Knowing about the surety bonds ...
Three Most Common Construction Injuries and How to Prevent Them
Construction work is never easy. And when an employee is injured, it can be anything from a few day’s absences to that person having to resign or even file for disability. This unfortunate loss of good employees can also lead to project delays or hiatuses. Fortunately, there are ways that both...
Little Miller Act: Connecticut
The Miller Act and Little Miller Act are must-knows in the world of contractors and construction. Many contractors have heard of the two, but at NSSI we often find that not everyone fully understands what is involved with them. Not knowing could cost you a job, or even your company, so it is essenti...
Government Purchasing Officers Examine Benefits of Expanding Surety Bonding
With millions of dollars at stake in maintenance and construction projects, it’s vital that government purchasing officers understand the importance of surety bonding for these undertakings. Two insurance executives recently made an educational presentation on how this practice provides the ri...