Contractor default inflicts huge losses on everyone involved — on contractors and project owners alike, though in different ways — and can delay, and ultimately stop, a project. This is why surety ...

Construction bonds are vital tools in the construction industry. A construction bond is an instrument arising out of suretyship law. A project owner may require a contractor to obtain one or more ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

LOS ANGELES, Aug. 13, 2025 /PRNewswire/ -- Surety Bond Authority, a leading provider of comprehensive surety solutions, today announced the release of its new, in-depth ebook, "The Contractor's ...

There are three types of bonds that afford financial protection in connection with a construction project: payment bonds, performance bonds, and bid bonds. Below is a primer on the differences between ...

Surety construction bonds are a fact of life if you work in the building industry. Government projects and much private-enterprise construction require you take out a surety bond to get the job. This ...

A failed contractor means a failed project and a financial disaster. With every contractor failure looms the potential for abandoned and delayed projects, increased financing costs, capital calls, ...

For construction attorneys, it's now critical to understand the ins and outs of surety bonds and how they're used in the context of private projects. During uncertain times, people look for a security ...

Lowering the cost of required surety bonds can help construction subcontractors reduce the monetary burdens - here are seven tips to help reduce those costs Mar 8, 2018 Running a business as a ...

The surety industry is asking federal, state and local officials to take emergency action to update decades-old surety rules requiring stamped notarizations and ink signatures that the Covid-19 ...