by Sierra Maine | Jul 13, 2022 | Uncategorized
In Seattle, like many cities across the US, it’s hard to drive a few miles without passing a group of new townhomes or luxury apartments. For these projects, developers will likely have to get a Subdivision Bond. These bonds are classified as contract bonds or...
by Sierra Maine | Jun 27, 2022 | Uncategorized
In order to keep up with increasing UPS costs, we’ve had to increase our overnight courier fee to $45. Remember, if you have your own UPS account, we’re always able and happy to bill your account rather than charge our $45 fee. Please provide your UPS account number...
by Sierra Maine | Apr 26, 2022 | Uncategorized
The construction industry is unpredictable, and a change in contract price is common. Many contractors wonder if they can get a refund on their bond premiums. The answer is sometimes. But also, sometimes there can be an additional billing Performance Bonds guarantee...
by Sierra Maine | Apr 12, 2022 | Uncategorized
What is a Washington bid bond? Let’s say an obligee (usually a large general contractor, a government body, or an institution such as a school or church) wants to hire someone to do a project for them. They could request bids to see which contractors can provide the...
by Sierra Maine | Apr 5, 2022 | Uncategorized
In many states, to be a licensed contractor, you are required by the state to have a bond. Sometimes it’s state-regulated, and other times it differs between counties or even cities. In some states, the requirement is the same for everyone, and sometimes it’s set by...
by Sierra Maine | Mar 14, 2022 | Uncategorized
Fiscal Year End Report (“FYE”) Explained As the Fiscal Year ends and the spring bidding season begins, your Surety needs to update your underwriting files with current data. Your assistance in keeping your file up to date will allow the Surety to provide...
