Posts Tagged ‘Ask Your Surety Pro’
Ask The Surety Pro – Tony DeMartino On How a Broker of Record Letter Helps the Surety Broker Selection Process
A Surety Broker of Record (BOR) Letter empowers contractors to choose a broker they trust to best support their bonding needs. In today’s episode of Ask The Surety Pro (1:11), Tony DeMartino, Surety Bond Producer, explains how a BOR Letter streamlines the process of selecting a surety broker who will serve as a strong advocate…
Read MoreAsk The Surety Pro – Rich Anderson Explains Which Parties are Protected by a Payment Bond
Payment bonds are often required on public and private construction projects. In today’s episode of Ask The Surety Pro (1:06), our Co-Founder, Rich Anderson, explains how a payment bond ensures that everyone contributing to a project gets paid—maintaining trust, financial stability, and smooth project execution. Click to watch.
Read MoreAsk The Surety Pro – Joe Catania on How a Bid Bond Benefits the Project Owner and the Contractor
A bid bond benefits both the project owner and the contractor—assuring owners that bids are serious and financially backed, while giving contractors a competitive edge in securing larger projects. In today’s episode of Ask The Surety Pro (1:11), our Co-Founder and CEO, Joe Catania, explains how bid bonds build trust, reduce risk, and strengthen industry presence.…
Read MoreAsk The Surety Pro – Chris Ruck Shares How Contractors Benefit From New Surety Bond Companies
As the surety market grows, contractors gain more opportunities to find the right bonding partner to support their success. In the latest episode of Ask The Surety Pro (1:16), our Vice President, Chris Ruck, shares how contractors benefit when new surety bond companies enter the market. Click to watch!
Read MoreAsk The Surety Pro – Chris Ruck Explains Why Bidding with a Certified Check Instead of a Bid Bond Doesn’t Ensure You’ll Prequalify for A Bond
A certified check shows you’re serious about your bid, but it doesn’t guarantee you can secure performance and payment bonds if awarded the project. In the latest episode of Ask The Surety Pro (1:39), our Vice President, Chris Ruck, explains why bidding with a certified check instead of a bid bond doesn’t ensure you’ll prequalify…
Read MoreAsk The Surety Pro – Joe Catania Speaks on the Challenges of Obtaining Surety Bonds for Federal Projects in Guam & Puerto Rico
Securing surety bonds in Puerto Rico and Guam comes with unique challenges for small construction companies, but opportunities await those who are prepared. In the latest episode of Ask The Surety Pro (1:12), Joe Catania, Co-Founder & President, shares insights on how surety bond companies are adapting to the surge in contract opportunities across U.S.…
Read MoreAsk The Surety Pro – Chris Ruck Speaks on The Relationship You Have With Your Surety Company
Is your relationship with your surety company purely transactional, or have you built a true partnership? In the latest episode of Ask The Surety Pro (1:39), our Vice President, Chris Ruck, explains how the lack of strong connections with surety company decision-makers can lead to challenges like limited bonding capacity, higher costs, and missed opportunities…
Read MoreAsk The Surety Pro – Joe Catania Answers Question on Liquidity Risks and Financial Health
Surety companies closely evaluate a company’s liquidity and overall financial health when determining bonding capacity, as too much working capital tied up in receivables can signal potential cash flow issues. In the latest episode of “Ask The Surety Pro” (1:22), Joe Catania, Co-Founder & President, shares best practices to help surety underwriters gain clearer insights…
Read MoreAsk The Surety Pro – Chris Ruck Shares His Thoughts on Fall 2024 Bid Activity
Chris Ruck shares his perspective on Fall 2024 bid activity and surety market credit conditions in this 1:22 episode of ‘Ask The Surety Pro,’ offering insights into how contractors in the Tri-State Area (NY/NJ/PA) are positioning to carry backlog into 2025. Watch now to stay ahead in the market!
Read MoreAsk The Surety Pro – Joe Catania On What Decision-Making Role a Home Office Surety Underwriter Plays
Building strong relationships is key to navigating the complexities of surety bond approvals. While home office underwriters have more authority over larger or more complex bonds, their role is often more internally focused, with less direct customer interaction compared to branch office underwriters. In the latest episode of “Ask The Surety Pro” (1:22), Joe Catania,…
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