How the Contract Surety Industry Functions
It’s tough to come up with an overarching description of the contract surety industry. Like the insurance industry its products so resemble, the industry is cyclical. The industry also has a long tail, meaning that a…
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What is Contract Surety Underwriting?
When you try to purchase a bid or performance bond, it has to go into “underwriting” before you can actually receive your bond. So what exactly is contract surety underwriting and what goes into the…
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How to Make Sure Your Subcontractors Finish Their Work
As the construction industry has rebounded since 2008 and continued to grow to this day, the biggest concern in the industry is finding dependable, qualified resources, specifically subcontractors, to work with on new and ongoing…
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How to Contract Student Bus Services in New Jersey
Nearly every New Jersey school needs to provide some sort of transportation to get students to and from school. But what are the requirements of contracting student bus and transportation services in New Jersey? And…
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Ontario’s New Construction Act Brings Contract Surety Changes
Ontario’s Bill 142, the province’s new Construction Act, is the largest set of new construction rules the province has seen in 35 years. With the first part of the Act in effect in July 2018, we wanted to…
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