If you’re a small business construction contractor looking to scale your operations, you already know that growth requires moving toward bigger, better-paying, and more prestigious projects. However, stepping into the big leagues requires a larger financial footprint—specifically, an increased bonding...

A straightforward approach to key performance indicators (KPIs) enables business owners to consistently make informed decisions. When we rely on intuition (or flip a coin), we may get lucky sometimes, but for sustainability and growth, establishing and using sensible KPIs...

  Most contractors tend to focus on one clear measure of success: profiting on each project. Though making money is indeed the end game, business experts explain that by concentrating more on KPIs like quality control, productivity and safety, we’ll...

As protocols for environmental, social and governance (ESG) investment options continue to be murky, a new class action complaint puts the spotlight on the fiduciary duty of prudence. Essentially, this latest class action lawsuit accuses the employer, investment firm and...

Protecting the Vulnerable: Fiduciary Duties and Bonds Explained When someone cannot make sound decisions for themselves, a court can appoint a fiduciary to do so. Often, courts require fiduciary bonds to protect “the ward.” Safeguarding The Interests of Another When...

When someone dies without a will, a probate court judge will typically appoint an administrator—and require a bond. Here’s what you need to know about the process. Probate Courts Are Busy Places The Conversation estimates that as many as 68%...

What could happen when you use the wrong bid bond form for a federal contract? The bid could be rejected. Ouch! Deemed Non-responsive Recently, the Government Accountability Office (GAO) published a decision concerning the use of an American Institute of...

WOODCLIFF LAKE, NJ October 26, 2020 Colonial Surety Company is thrilled to announce the launch of a direct and digital pre-qualification process for bid and performance I-Bonds®, empowering contractors across the country to simplify, partner, and grow. Founded in 1930,...

Fraud happens in every kind of business—and despite regulations, the surety bond industry is no exception. Following an investigation by the Federal Bureau of Investigation and the New Hampshire Insurance Department, last week a man pleaded guilty to accepting over...

Individuals chosen to be fiduciaries, administrators, and executors within the Empire State are typically required to post a surety bond. Surrogate’s courts require fiduciaries to obtain such a bond to safeguard the interests and affairs of the estate and its beneficiaries under...