Surety bonds are vital to your business operations. They are a required part of getting your construction bids and projects up and running; without them you can’t operate in a contracting business. For this reason, many people view them as nothing more than a necessary evil, an extra expense and r...
Author: UpworkDev
The Ultimate Guide to Construction Risk Insurance
Securing your construction business against unforeseen circumstances is not just a good idea — it’s vital to keeping everything up and running. After all, construction is a risky business all around, and at some point in time, the odds are that something unfortunate will arise that will cause yo...
Important Construction Stats for Managers
Statistics may be eminently malleable, but when used properly, they can be a valuable tool to illuminate where your business is working well and not quite making it up to par. Not only do you need to be aware of the general trends in the industry, but you also need to know how your business …...
How to Avoid 5 Common Construction Delays
Construction Safety Rules from OSHA You Really Can’t Ignore
Everyone knows that OSHA can be a real nightmare for construction site managers. Nobody wants to get hit by an audit, and if you’re in violation of their regulations, you can even lose your license to practice and your ability to get bonded. In truth, however, all of this is designed to protect bo...
Tips for Avoiding an OSHA Audit in Your Construction Business
No construction company wants to get stuck with an OSHA audit. It’s a nightmare and it usually means that somewhere, somebody accused you of violating a safety regulation. It’s even worse when you don’t know what you may have done wrong. As if it’s not enough of a hassle to deal with your bi...
How Long do Surety Bonds Last?
Surety bonds are absolutely vital to the construction industry. They provide confidence to your employees and clients that you, as a business, are able to live up to your obligations, complete the work you agree to complete, and live up to all of your contractual obligations. They’re peace of mind...
Surety Bonds vs. Insurance
Most good businesses out there advertise themselves as being “bonded and insured,” which can seem confusing, as most people think that bonds and insurance are the same things. Isn’t that phrase, then, redundant? The truth is that no, it’s not precisely redundant; there are certain important ...
Preparing for September’s Bond Renewal Deadline
Some surety bonds expire on September 30. That deadline is coming quickly, and if you have one of these bonds you’ll need to make sure you have everything in order to renew before that deadline approaches so you can continue to conduct business legally. It’s vital to have your bond renewal in pl...
Four Crucial Factors to Consider When Shopping for a Surety Bond
Surety bonds are not all created equal. Companies requiring surety bonding must be certain that the bonds they get have the features they need to conduct business, and they should also look for a positive experience from their bonding agency. Price is one consideration, but so is speed and service r...