Read the latest news regarding Commercial, License, Permit, Contract, Court and Fidelity Surety Bonds, and how upcoming changes will affect your business. Check out our glossary page for more information on Surety Bond terminology.
If you’re a developer planning a residential or commercial subdivision, you’ve likely been told you’ll need a subdivision bond before breaking ground. While it may seem like just another regulatory hurdle, subdivision bonds play a vital role in ensuring public improvements are completed. Since these bonds can impact your timeline, budget, and reputation, developers must … Continue reading “Subdivision Bonds: What Developers Should Know”
Read MoreIf you’re a contractor bidding on public or private construction projects, you’ve probably heard the terms performance bond and payment bond. While these two types of surety bonds are often required together, they serve different purposes and may be issued separately depending on the project. Before you bid on a project, review our guide to … Continue reading “What Is a Performance and Payment Bond?”
Read MoreAs cell phone towers age, become technologically obsolete, or require relocation, they must eventually be dismantled and the land restored. Tower removal can be expensive, and in the past, abandoned towers have left landowners or local governments stuck with the cost. A cell tower removal surety bond — sometimes called a telecom decommissioning bond — … Continue reading “What Is a Cell Tower Removal Surety Bond?”
Read MoreIn construction, project owners often require supply bonds when they want to ensure materials are delivered on time and in good condition. These bonds play a critical role in ensuring that suppliers fulfill their contractual obligations, especially on large-scale or public projects. As you bid on these types of projects, review our guide to what … Continue reading “Supply Bonds: What They Are and Why They Matter”
Read MoreLow-Income Housing Tax Credit (LIHTC) projects are crucial for expanding affordable housing across the country. Developers and contractors working on these projects often encounter a unique set of funding requirements, compliance obligations, and government oversight. If you plan to bid on LIHTC projects, one of the most common requirements you’ll encounter is the need for … Continue reading “What You Need to Know About Surety Bonds for Low-Income Housing Tax Credit (LIHTC) Projects”
Read MoreIf you’re a contractor looking to grow your business and take on larger projects, understanding your bonding capacity is essential. Whether you’re bidding on public work or private developments, your bonding capacity determines the size and number of jobs you can be bonded for at any given time. When you want to put your company … Continue reading “What Is Bonding Capacity and How Is It Calculated?”
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