NEWS & UPATES

Subcontractor Default Insurance (SDI) is a specialized form of coverage designed to protect general contractors from the risks associated with subcontractor defaults. In the construction industry, subcontractors play a crucial role by executing specific projects....

Fiscal year-end tax planning is an essential process for contractors to minimize tax liabilities and optimize their financial situation. Here are some key strategies and tips to consider: Review Your Financials - Income Statement: Analyze your revenues, expenses, and...

Surety bonding capacity is a crucial aspect for contractors and businesses seeking to secure projects and grow their operations. Increasing your surety bonding capacity requires a strategic approach and a strong financial foundation. Here are some key steps to help...

Performance and payment bonds are essential tools in the construction industry, providing a safety net for clients and ensuring project integrity and financial stability. Here, we’ll explore the roles, functions, and significance of these bonds to better understand...

A mechanics lien is a powerful tool used by contractors, subcontractors, and suppliers to ensure they receive payment for their work or materials supplied. However, it can also encumber a property, complicating transactions or refinancing efforts. To address this,...

Introduction: Site improvement bonds are an essential part of the construction and development industry. They serve as a financial guarantee ensuring that all planned improvements and infrastructure projects are completed according to the agreed specifications and...

In the competitive world of construction, bid bonds play a crucial role in ensuring that projects move forward smoothly and that bid processes remain fair and credible. Let's dive into what bid bonds are, how they work, and why they are essential for both project...

When it comes to obtaining a surety bond for your business needs, selecting the right surety agent is crucial. A surety agent serves as the intermediary between the business seeking the bond and the surety company that provides the bond. They play a vital role in...

Performance and payment bonds are crucial for contractors in construction projects as they provide financial assurance to project owners that the contractor will perform the work satisfactorily and pay subcontractors, laborers, and suppliers. Here's how contractors...