Category Archives: Contract Bonds

Construction projects demand extensive collaboration between multiple parties, such as contractors, subcontractors, suppliers, and project owners. In this intricate web of transactions, it’s crucial to establish a reliable system that protects the interests of everyone involved and guarantees timely payments for the hard work and resources invested. Enter the payment bond – a powerful tool […]

If you’re a contractor or project owner seeking clarity on maintenance bonds, including coverage requirements, costs, and key differentiators from warranty and performance bonds, you’ve come to the right place.  In this blog post, we’ll explore all aspects of maintenance bonds, providing valuable insights and helping you navigate the world of surety bonds. Let’s get […]

In the construction industry, managing ongoing projects efficiently is crucial for success. One essential tool that aids in tracking progress and financial performance is a work-in-progress (WIP) schedule.  In this blog post, we explore what a WIP schedule is, why it’s important, the benefits of utilizing it effectively, and how to create an effective WIP […]

Are you a contractor looking to expand your knowledge construction bonds? Today, we’re covering the differences between supply bonds and performance and payment bonds, when supply bonds are necessary, how much they cost, and more. We’ll also shed a little light on the Federal Miller Act, a crucial legislation concerning construction bonds. Let’s start with […]

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. […]

Performance bonds are an important part of the construction industry. They can protect project owners from financial losses if their contractor fails to complete a project as agreed. Performance bonds also help ensure subcontractors and suppliers are paid for their work. In this article, we’ll cover what performance bonds are, why they’re necessary, the parties […]

Subcontractors play a vital role in construction projects by providing specialized services to general contractors. They can offer a wide range of services, such as carpentry, plumbing, electrical work, and roofing. In this guide, we walk you through the process of becoming a subcontractor, from gaining the necessary skills and certifications to finding clients and […]