The Crucial Role of Bid Bonds in Public Construction
What is a Bid Bond? A bid bond is a [...]
2016 Construction Outlook Positive: Get Bond Program Ready
A surety bond is a product that ensures the obligation of one party is being fulfilled for the benefit of another party. In the construction arena, when bonds are required they are referred to as bid, performance, and payment bonds. It makes […]
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Surety 1 Meet the Primes Beer Event a Success!
Surety 1 held its 1st Annual Meet the Primes Beer [...]
Highway Trust Fund in Danger of Running out of Money
This isn't current news to people in the public works [...]
California Law goes into Effect July 1, 2014 – Impact on Bonding
Effective today, July 1, 2014, a new law goes into [...]
Make Sure Your Bond Agent Understands the Marketplace
There are hundreds of types of bonds...probably even thousands. And [...]
Managing Expectations for a Performance and Payment Bond Program
If you are a contractor in the public works arena, [...]
Why so Much Information is Needed for Bid Bonds or Payment and Performance Bonds
Contractors doing business in public works understand there is a [...]
2014 Mergers & Acquisitions Construction Trends
Each year FMI Capital Advisors, Inc releases what's titled. "Mergers [...]
What is a Bid Bond?
A bid bond is required by an obligee (party the [...]