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...
Underwriting Surety Bonds
Today, I want to talk about our approach to underwriting surety bonds. We try to take a multi-step approach where we look at the client’s financials, the bond risk, and the different ways we can secure the client’s assets, if needed, from both an indemnity and a...