The construction industry is experiencing a major shift in how projects are designed, coordinated, and executed. One of the fastest-growing trends driving this change is the rise of virtual construction, a digital approach that uses advanced modeling, simulation, and data integration to visualize pr...
Category: Bonds
Surety Associations Introduce Bond Information Kit for Broadband Expansion Projects
In a significant development for broadband infrastructure funding, the National Association of Surety Bond Producers (NASBP) and the Surety and Fidelity Association of America (SFAA) have jointly released a comprehensive information kit designed to support the Broadband Equity, Access, and Deploymen...
Modern Technology in the Construction Industry
Technology is a fact of life in this day and age. Everywhere you look you see a smart world: smartphones, smart homes, smart TVs, smart cars — it’s all smart technology. This has even moved into the construction industry, but it’s surprising how many construction companies are still using outd...
Understanding the Various Types of Surety Bond
For construction and contracting companies looking to get bonded, the process can be somewhat confusing. While you’ve probably heard lots of information about performance and payment bonds, the two core concepts at the heart of the surety and contracting industry. Did you know there are easily a d...
Iowa Surety Bonding Made Simple
From the Mississippi River in the east to the Missouri River in the west, National Surety Services covers all areas of Iowa by partnering with businesses, putting their needs first and providing the following surety services: 8A contractor bonds Permit and license bonds Bid bonds, performance bonds ...
What to Look for in a Surety Company
Surety bonding is essential to the success and ongoing business of any construction or contracting company. Not every bonding agency, however, is created equally. Choosing the right service can make your company a success just as surely as choosing the wrong one can create critical problems that can...
How to Grow Bonding Limits
If you’re in the construction or contracting business, you know that bonding is essential to your operations and your success as a company. Bonding is what gives your clients, your material suppliers and vendors and your subcontractors confidence and peace of mind in your ability to pay for goods ...
5 Challenges for Small Business Contractors
Small contracting businesses are really not much different than any other small business. They suffer a great deal of challenges that can lead to going out of business quickly if not properly addressed. In fact, more businesses don’t make it than those that do. It’s important to get over that cr...
Small Business Contractors Winning Government Bids
Landing a government contract isn’t just a good idea to grow your small construction firm; it’s absolutely essential to your ongoing success. Government jobs pay really well, and are very high profile; they allow you to build your reputation as a trustworthy contractor as well as to get ongoing ...
Understanding Surety Bonds
If you run a contracting business, you’re going to come up against the requirement for surety bonding at some point in time. Whether it’s the U.S. Miller Act, any of the state Little Miller Acts, or local and regional requirements, being bonded is quite simply a necessity to keep your business o...