Read the latest news regarding Commercial, License, Permit, Contract, Court and Fidelity Surety Bonds, and how upcoming changes will affect your business. Check out our glossary page for more information on Surety Bond terminology.
For those who are dealing with obtaining their first surety bond, it is frequently stunning and disconcerting the amount of detailed private information that is asked for.
Read MoreThe Miller Act, originally passed in 1935, is the federal law that requires contract surety bonds on federal construction projects with contract values equal to or greater than $150,000. The Act requires that contractors working on federal projects must post two bonds: a payment bond and a performance bond.
Read MoreWell managed construction contractors are well aware of the trend toward more onerous and inequitable contract terms showing up with greater frequency in modern construction documents.
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