Surety Industry Perspective

Is it time for you to cash out of your business through an acquisition? We’ve seen quite a few construction company acquisitions over the last several years, and we expect that trend to continue.   If your contracting company is being acquired, you’ll have a lot of loose ends to tie up. And one of those…

If you answered yes to that question, you’re not alone. So why are we seeing larger bid spreads in the current market, and will it affect your surety bonding capabilities? Our team is always listening to our contractor clients, and always looking for trends that might have an impact on their bonding capacity and ability…

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…

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…

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…

With government sector public projects, you and your bonding company know the money is there to fund the work because the funds have been earmarked for the project by federal, state, or local government. But how do you know there are adequate funds to complete commercial projects? Contractors can approach the owner and ask for…

Banking, insurance, and surety companies are all critically important relationships for construction companies. There are subtle differences in the relationships to be sure, but they are also closely interrelated. For example, a company’s bank line of credit can have a significant impact on its ability to get bonded.  Working capital, bank LOC, operating income, and…

Anderson & Catania Surety Services has access to over 40 surety bond companies. Richard G. Anderson, CEO of Anderson & Catania Surety Services LLC, discusses why having this expansive access to the bonding marketplace puts AC Surety at an advantage and how contractors can determine if their bonding company is financially stable. How do contractors…

Brent Headley, Surety Account Executive at Anderson & Catania Surety Services LLC, discusses how surety brokers differ from commercial insurance brokers. What do you find most satisfying about your contractor relationships? “I’ve become good friends with many of my clients,” Brent says. “As with any friend, you want to see them be successful and be…