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performance bond cost

Managing Expectations for a Performance and Payment Bond Program

Managing Expectations for a Performance and Payment Bond Program

If you are a contractor in the public works arena, you have probably been asked to provide a bid, performance, and/or payment bond. For those who have not, or those looking to establish a bonding relationship, it can be a time consuming and sometimes overwhelming process. Often times a contractor is asked to put his/her personal and business life on …

 

Another Surety Takeover – Bond Saves Tax Payers Again

Another Surety Takeover – Bond Saves Tax Payers Again

Unfortunately, it seems to be a common theme of late; a contractor defaults on a public works construction project. In Crowley, TX a surety had to takeover a portion of the an important project, concrete work at Crowley’s Veteran’s Memorial Plaza (click here for article).  The good news is that a surety bond was in place, as the law requires …