Tag Archives: Contract Bonds

How to Boost Your Bonding Capacity: A Contractor’s Guide

Contractor with a large bonding capacity working on commercial project

Bonding capacity determines the maximum amount of work a contractor can undertake at any given time. Securing bonding capacity is crucial for contractors looking to take on larger projects and expand their businesses. To increase this capacity, contractors need to focus on several key factors: Business net worth Business working capital Personal net worth The […]

3 Things Contractors Should Know Before Bidding Public Projects

Contractor at a public worksite

Bidding on projects in the public sector can be a lucrative opportunity for contractors, but it also comes with its own set of challenges and requirements. If you’re new to bidding public work, you may be surprised at some things you face that differ from the private sector. How is bidding public work different from […]

Do You Need a Contractor Bond for Your Construction Project?

Bonded contractor standing at worksite

Contractor bonds are essential tools that help ensure smooth operations and the fulfillment of contracts before, during, and after construction projects. In this article, we explore these bonds in depth. Whether you’re a seasoned pro or just starting out, this guide will equip you to navigate surety with confidence. We cover why these bonds are […]

Commercial Bonds vs. Contract Bonds

contract bonds

Commercial Bonds vs. Contract Bonds: How Are They Different? There are several types of surety bonds. Two of the main categories are contract bonds and commercial bonds, which we’ll cover today. While they have overlapping similarities, they also have some distinct differences that set them apart. Read on to learn when and why you might […]