What are the Three C’s of Surety?

by | Jul 30, 2020 | Uncategorized

In Surety underwriting, there are many factors which go into the determination whether a Surety can tell an Obligee (via a bond) “Yes, this Principal/Contractor has the ability to complete your contract”. A number of these factors fall under what the...

Can I Witness Myself?

by | May 14, 2020 | Uncategorized

Witnessing Bonds and Bond Applications Not all applications and bonds need to be witnessed, but if you have a document that requires witnessing, this signature provides evidentiary support in case there is a dispute about who signed. Generally, a witness must be a...

Looking for more Cashflow at very low cost?

by | Apr 28, 2020 | Uncategorized

Do you have clients holding Retainage on your contracts? Release of Retainage Bonds can be a solution to help get your retainage released early and increase working capital in your company. These bonds can be written at the start of a contract, in the middle of a job...

How Do I Increase My Bonding Capacity?

by | Jan 21, 2020 | Uncategorized

Derived from NASBP’s Answers to 51 Questions Small Contractors Ask About Bonding Like bank credit, bonding is mainly dependent on strong financials and adequate liquidity for a contractor to take on construction projects. Bonding capacity is the maximum amount of...