SBA Surety Bond Guarantee Program
11/19/2014
A surety bond is a document signed by the contractor and the surety company that assures the project owner the contract will be completed. Contractors obtain surety bonds from surety companies or agents representing surety companies. Most public construction contracts and many private contracts require one, so if you’re a construction or service contractor bidding on a project, you&rsq...
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Construction Forum: Demystifying Surety the Product and its Value
4/10/2014
Any large general contractor will say that surety bonds are their life’s blood. Often small, emerging and minority contractors see surety as a hurdle. This presentation will provide historical context, explain why surety bonds exist, describe what sureties do and how bonding can be used as a tool to build sustainable contractors, promote economic development and job creatio...
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