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Subcontractor

Performance Bonds Required of Subcontractors More than Ever

Performance Bonds Required of Subcontractors More than Ever

As the economy begins to improve one would think there would be some stability in the subcontractor world.  When we talk to General Contractors, almost all of them start talking about how difficult it is to get through a job without one or more subcontractors having significant problems.  Many general contractors already have added a bonding requirement on subcontractors. Those that still are not …

 

Bonding Subcontractors

Bonding Subcontractors

I sell bonds for a living, so it is easy to assume that the purpose of this argument is self serving.  While this would not be a totally misguided opinion, we have seen are several disturbing trends of late that make me believe all General Contractors should re-visit their bonding requirements and all subcontractors should be prepared to bond – …