Nevada Notice of Non-Responsibility Bonds: What Lessees Need to Know Before Starting Construction
If you are planning a construction project on leased property in Nevada, you may be required to obtain a Notice of Non-Responsibility Bond before construction begins. These bonds are commonly required for tenant improvements, retail buildouts, warehouse renovations,...
A Creative Financing Strategy for Contract Security Requirements
We have permanently relocated to 305 Broadway, Suite 601, New York, NY 10007. If you are in the neighborhood, feel free to stop by and say hello. A surety-backed letter of credit is an increasingly popular alternative to traditional bonding and bank-issued letters of...
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...
Execution and Lead Time
In the world of surety bonds, timing is everything. Whether you’re dealing with a bid bond, a court-ordered bond, or a mechanics lien discharge bond, you must build in lead time—not just to issue the bond, but for signatures, notarization, delivery, and final...