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...
Foreign Letters of Credit for Surety Bonds: What You Need to Know
Letters of credit are a common form of collateral commonly used to secure surety transactions. A letter of credit is a guarantee issued by a bank for a certain sum to be paid. Surety letters of credit are unconditional and generally referred to as irrevocable letters...