When you're taking an irrevocable letter of credit (ILOC) for collateral on an account, and that account says that they don't have the money but can get a 3rd party [...]

Sometimes when a CPA statement is not available, a bond company may condition a bond with Escrow Funds Control. Escrow Funds Control is like you hiring a money manager for [...]

As all commerical contractors know it's a necessity to obtain surety bonding. We are seeing more and more jobs requiring bonding today. Public entities require bid and performance bonds for [...]

Those in the business of selling used cars in the state of New York will need to comply with new surety bond requirements in the spring of 2017. The car [...]

Big changes at the state level make now a good time to evaluate your dealer bond costs and requirements. May 2017, F&I and Showroom - Feature by Jason O'Leary The [...]

#1: What is a Performance Bond? A Performance Bond is a surety bond guaranteeing a contractor will complete a project according to the term delineated in the contract. Performance Bonds [...]

The number one issue construction contracting companies will face over the next 10 to 20 years is succession planning, according to accounting firm BKD, LLP. As the amount of wealth [...]

Every day, millions of dollars in claims are paid on surety and fidelity bond payments. Despite this, subrogation in this area remains mired in obscurity and confusion, and claims handlers [...]

IT IS A truism that construction is a risky business. Construction contracting is an exercise in dealing with these inherent risks. One common way involves allocating these risks among the [...]