Understanding Bonding Facility for Contractors:

Archive

Contractors

Understanding Bonding Facility for Contractors:
Understanding Bonding Facility for Contractors:

In November 2024, we published a blog article titled ‘The Importance of a Bonding Facility for Contractors.’ That article spoke about how contractors are encouraged to secure a bonding facility, which streamlines the process for obtaining essential bonds and enhances their company’s marketability. Our Director of Surety, Kari Davis emphasized that having a bonding facility for contractors saves time. It.. Read more

Contract Surety 101
Contract Surety 101

This article provides a simple, easy-to-understand overview of contract surety. It explains what surety bonds are, the roles of the principal, obligee, and surety, and how different types of bonds—such as bid, performance, payment, and maintenance bonds—function to protect construction projects. Written for beginners, it walks readers through the basic concepts and processes involved in contract surety without complex jargon.

1 2