Surety bonds are a means for independent contractors and small businesses to guarantee their performance under a contract. Surety bonds financially compensate the client if the contractor does not ...

Q. Should a driveway concrete contractor be bonded? How important is bonding? A. It depends on local regulations, as well as the scope of the project. Some states and municipalities require bonding ...

An insured, bonded contractor offers more financial protection if something goes wrong or someone is injured during construction. It's not enough to rely on the contractor's word that he's got ...

Construction contracts for commercial projects, including the ongoing boom in apartment projects, routinely require the general contractor and/or the subcontractors to provide performance bonds.

Placing concrete requires specialized skills and equipment. The licensing requirements for concrete contractors vary from state to state. In some states, concrete contractors need a specific license ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

For most contractors working in the U.S., construction bonds are one of the major requirements they need to meet in order to even apply for a project. Still, they are often confused by these bonds, ...

Contractor default inflicts huge losses on everyone involved — on contractors and project owners alike, though in different ways — and can delay, and ultimately stop, a project. This is why surety ...

In a recent case from the U.S. District Court for the District of Columbia, United States ex rel. Scollick v. Narula, Case No. 1:14-cv-01339, two surety companies and the broker that issued bonds on ...

Q: I’ve been a contractor for years and never been asked for a bond. But a new client insists on it. Can you help me to understand bonding? A: Surety insurance is unique: The surety company’s ...

Contractor license bonds are a licensing requirement that aims to safeguard homeowners’ interests and guarantee that contractors will complete their agreed jobs. As in most states, Arizona contractors ...

Q. Should a driveway concrete contractor be bonded? How important is bonding? A. It depends on local regulations, as well as the scope of the project. Some states and municipalities require bonding ...