What is a Letter of Bondability?

A Letter of Bondability, also known as a Good Guy letter or Sunshine Letter, has been around for a long time. Over the years, these letters have become stricter on what is required. In the past, agents would be able to prepare this letter on their own letterhead....

The Importance of the Bid Spread

Being the lowest bidder on a job can be quite exciting. However, depending on the spread between the lowest bidder and the others, the winner may be at risk. This is why surety underwriters request the other bid amounts to evaluate the spread. If the spread is greater...

New WA State Procurement Policy

Based on a new Washington State procurement policy, effective July 1st, 2019, Contractors may benefit by not requiring employees to agree to mandatory individual arbitration requirements. Mandatory arbitration for employees is where a business requires its employees...