Access to Capital, Financing for Small Business, presented by Sound Transit. Kara, among others, will be speaking on topics such as bonding, improving and maintaining credit score, reducing debt, tradition and non-traditional lending, strategies for capital access...

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...

Due to the Federal Fiscal year end, the SBA will be closed from 9/25/2019 through 10/1/2019. Any Bid or Performance/Payment bond submissions should be made as early as possible in order to have final approval prior to end of business on Monday 9/24/2019. Give us a...

Why are financial statements so important in bonding? Financial statements are the main source of information about a contractor’s financial position and performance. It provides information necessary to make economic decisions about the contractor. Financial...

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...

Sureties look at The Three C's: Character, Capacity, and Capitol. Character: Honesty, integrity and openness. When underwriting “Character”, sureties will look at the other two C’s to determine character and often refer to prior jobs and references. Capacity: Ability...

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Kara will be joining other industry professionals in an 8 week program, providing instructions in the skills to run a successful construction firm. Some topics included in the 27-sessions include: Surety Bonding Small Business and DBE Certifications Business Planning...

The two are commonly confused. Many think that surety is insurance, but it is ASSURANCE. Surety is a guarantee. The only reason surety is licensed under the insurance division of most states and lumped in with the sale of insurance is because it is a transfer of risk....