Posts Tagged 'Surety'

We are pleased to present below all posts tagged with 'Surety'. If you still can't find what you are looking for, try using the search box.

Safety and Surety Go Hand in Hand When Managing Risk

As those who operate successful construction firms know, the reward for completing projects safely, on time and on budget can be immense, particularly during busy economic times. 

Surety Market Overview: A Look at Capacity, Availability and Losses for Every Size Contractor

A look at surety capacity, availability and losses for every size contractor.

Executive Insights

Eighteen surety leaders share their expertise on how contractors can take their bonding to the next level; how a contractor's character impacts bondability; cash management techniques; the bonding implications of joint ventures; and how accounting software can impact a contractor’s business.

The Evolution of the Surety Marketplace

Looking beyond the horizon, more challenges will impact how surety operates: technology, new construction methods and the globalization of the construction industry, to name a few. Sureties are working closely with customers so they can continue to be a relevant and trusted partner in the construction marketplace of tomorrow. 

Bonding Legislation in the States and Congress

Surety and construction stakeholders have worked hand in hand this year in Congress and at the state level on legislation impacting industry members on several fronts: infrastructure spending, P3s, retainage, and bond thresholds and waivers.

National and Local Surety Associations Combat Onerous Provisions

The most common types of onerous contract bond issues guarantee long-term warranties, include ratings requirements and demand unreasonable claim response times. 

Surety Industry Steps Into the Future With Data Standards

The NASBP’s and SFAA’s promotion of these data standards will enhance the surety industry’s efficiency, productivity and quality—helping improve response times and the overall level of service and support provided to contractors. 

Understanding Indemnity

Indemnity plays a key role in protecting taxpayer money and the project owner from poorly performed work; making sure subcontractors and suppliers get paid; and perhaps most importantly, keeping the premiums paid for surety protection very low. Without indemnity, sureties likely would charge much more for bonds. 

Cyber Risk: Three Key Questions Contractors Should Ask

Average detection and escalation costs for a data breach (such as forensics and crisis team expenses) jumped from $420,000 in 2014 to $610,000 in 2015. 

Prevent and Protect Against Employee Theft

Common employee theft schemes include taking tools and materials from jobsites, creating fictitious vendor accounts, stealing company checks, and making unauthorized payments by altering the check and forging the signature. 

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Industry Changes Push AEC Firms Toward Proactive Recruitment
When it comes to recruitment, the AEC industry is grappling with an already...

Gauging the Swing of the Republican Pendulum
As suddenly as the window of opportunity blew open for Republicans by the winds...

Q: What does it mean for your company to be employee-owned?
Employee ownership allows Choate to share long-term success with our employees...

Service Above Self
Two years ago, Gary Neal—an engineer and project manager with MEC Contractors...

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