Ask the Surety Pro
Ask Your Surety Pro – North Jersey vs. South Jersey: Why Surety Underwriters See Two Different Construction Markets
If you own a construction company in New Jersey, you already know that North Jersey and South Jersey can feel like completely ...
Ask Your Surety Pro – Why Surety Underwriters View Design-Build Contracts Differently
Design-build delivery expands a contractor's responsibility well beyond construction. And from a surety underwriting perspective, that expanded responsibility changes the risk profile ...
Ask Your Surety Pro – How Loans to Affiliated Companies Affect Your Surety Bond Program
If your construction company has loaned money to an affiliated entity, your surety underwriter will want to understand it - and it ...
Ask Your Surety Pro – How to Double Your Bonding Capacity in the Next 12 to 18 Months
Doubling your bonding capacity in the next 12 to 18 months is a realistic goal for contractors who approach it strategically. But ...
Ask Your Surety Pro – What Surety Underwriters Look for When They Evaluate a Contractor’s Internal Controls
As your construction company grows, surety underwriters do not just review your financial statements. They want to understand the systems and processes ...
Ask Your Surety Pro – When Does a Surety Require a Contractor to Upgrade From a CPA Review to an Audit?
A CPA-reviewed financial statement supports most surety bond programs. But as a contractor grows and pursues greater bonding capacity, a surety may ...
Ask Your Surety Pro – NYC School Construction Authority: A $20.5 Billion Opportunity for Contractors
The New York City School Construction Authority has a $20.5 billion capital plan running through 2029, and the bid activity is already ...
Ask Your Surety Pro – Why Your Surety Wants Your Subcontractors to Be Bonded
Requiring key subcontractors to carry performance and payment bonds is one of the most effective risk management strategies available to prime contractors. ...