Real Estate Development Bonds
Real estate development projects are complex, high-value undertakings that involve multiple parties: developers, investors, lenders, subcontractors, and construction managers. Because of this layered structure, surety bonds—specifically performance and payment...
Performance & Payment Bonds: Why Contractors Need a Bank Line of Credit (LOC)
Performance and Payment Bonds: Why Contractors Need a Bank Line of Credit (LOC) When bidding on government or private projects, many contractors discover for the first time that they need a bid bond and ultimately a performance bond and a payment bond — two of the...
The Site Improvement Bond
Today, I would like to discuss what are commonly referred to as Site Improvement bonds. Sites that are being developed by a real estate entity, especially those that need to be hooked up to either the electric grid or the water system of a municipality, or a new...Non-Construction Payment and Performance Surety Bonds [VIDEO]
Information on securing payment and performance surety bonds for clients who need them for non-construction contracts. Neil Pedersen PEDERSEN & SONS SURETY BOND AGENCY, INC. 15 Maiden Lane Suite #800 New York, NY 10038 212-227-7277 800-720-7277...