Risk is a part of life, and that’s especially true in the contracting industry. So how do surety bond companies evaluate project risk? Having aided our clients with surety services for more than thirty years, we have gained valuable insights from our contractor clients. One of the most significant insights we’ve gained pertains to how…

Anderson & Catania is proud to announce the latest highly experienced, highly respected surety professional to join our team.  Chris Ruck has over 30 years of surety industry experience serving commercial and government construction companies. He has worked extensively with surety companies and underwriters to service clients ranging in size from Global 1000 firms to…

In the surety services business, we often marvel at contractors who gain a high level of success in the ultra-competitive construction industry. We’ve been serving our construction company clients with their surety bonding needs for over three decades. And we never cease to be amazed at the qualities that construction company owner-operators demonstrate—day after day…

Typically your surety services partner is going to look at your overall working capital when evaluating a surety bond, but that’s not always the case. In the contracting business, we recognize that a contractor’s overall working capital can fluctuate based on the completion stages of different projects, payment cycles, and many other factors.    That’s why…

An underbilling can be caused by something as simple as missing a billing cycle or as significant as an omission on a project estimate, and a lot of things in between. But underbillings can become an issue that causes your bonding company to raise a red flag. So when does an underbilling become an issue…

Bryan LePage, Vice President and Relationship Manager at M&T Bank, is an outside contributor to AC Surety. Today Bryan discusses the construction line of credit evaluation process in 2023. Are you a commercial or government-sector construction company considering the options for a credit facility in 2023? There are great opportunities for construction companies to get…

Construction company owners and shareholders often ask us about the impact of shareholder distributions on bonding capacity. And the answer may surprise you. In the past, shareholder distributions were often viewed negatively by surety companies. But things have changed in recent years.  So what do you need to know about distributions in today’s world of…

Surety bond companies need to know that projects will be completed in the event of an untimely death, extended absence, or disability of a construction company owner or key employee(s). Without a continuity plan in place, the unexpected loss of a key owner or employee(s) can create a chaotic situation for contractors and potentially their…