Most people have heard a cautionary tale about contracted work. Apprehensions toward contracted work exist in both the personal and business worlds. You may have even had a bad experience with a contractor yourself at some point. Websites like Angie’s List (now Angi) became popular to help people safely identify professional contractors with proven track […]
Category Archives: Contract Bonds
04
Nov
Nov
One of the most common risk mitigation tools in the construction industry is subcontractor bonding. As a general contractor, requiring your subcontractors to “bond back” can mitigate risk for you and the project owner, build your reputation, ensure quality, help you win larger jobs, and more! Read on to learn how subcontractor bonding works and […]
30
Sep
Sep
When it comes to construction projects, payment bonds and performance bonds are crucial aspects of ensuring successful completion and financial protection. In this blog post, we’ll explore the differences between payment vs. performance bonds, shedding light on their purpose, who issues them, costs, expiration, refunding, and the process of obtaining them from a surety provider. […]
28
Sep
Sep
Is there a construction bond that you need FAST? Learn how to pre-qualify for it in three minutes or less on our website. Visit our Contractor Pre-Qualification page to get started!
24
Sep
Sep
The Iowa Department of Transportation maintains and develops the state’s transportation infrastructure, including roads, bridges, and public transit systems. Bidding on jobs with the IDOT can provide new opportunities for contractors hoping to expand their business in the public sector. Whether you’re new to the Iowa DOT bid letting process or need a refresher, this […]
22
Sep
Sep
Bidding on jobs as a contractor with your state’s Department of Transportation (DOT) can be a great opportunity if you’re looking to expand your work in the public sector. This article will guide you through the general process of qualifying to bid on DOT projects. Just keep in mind that the process varies from state […]
18
Sep
Sep
Did you know that you may need surety bonds for private construction jobs? Many private project owners these days require contractors to get bonded before bidding or taking on a job. This guarantees the owner will be protected if something goes wrong, such as the contractor reneging on the contract or damaging property midway through […]
17
Sep
Sep
The Illinois Department of Transportation (IDOT) plays a crucial role in shaping the state’s transportation network, developing and maintaining its highways, bridges, and transit systems. Securing an IDOT contract can lead to stable work and significant revenue for your business. This guide will help you navigate the qualification process to successfully bid on IDOT projects, […]