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 Cameron Huntsucker | Aug 24, 2020 | Uncategorized
Or: Since a Surety bond is vastly different from an Insurance policy, so is the relationship that produces such. Diving deeper into the Three Cs of surety from our last post, let’s look at the Character component, specifically the Principal’s relationship with the...
by Kara Skinner | 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...
by Integrity Surety | Jun 21, 2017 | Integrity Surety, Surety Bonds
We often receive phone calls from our clients, with a hesitant, questioning tone to their voice, advising that they’ve been instructed to gain “Consent of Surety”, for one need or another. But what is “Consent of Surety”? Essentially,...
by Jeff Dragovich | Aug 22, 2013 | Uncategorized
Integrity Surety is a large writer of SBA-backed SBA Surety Bond Guarantees, and has several programs that require a “Bank Letter” with certain information. Also, oftentimes, a particular surety submission, particularly for a Performance Bond, needs a...
