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 ...

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 ...

With construction teams navigating the effects of the COVID-19 pandemic and the world’s material supply chains, securing project performance has perhaps never been at such a premium. If a contractor ...

Surety bonds assure project owners that a contractor can complete a project according to contract specifications. Requiring a surety bond on a project helps prequalify contracting firms based on their ...

Subcontractor default insurance (SDI) transfers subcontractor default risk to an insurance carrier, ensuring that the policyholder is reimbursed and enabling the work to be completed. Unlike ...

Discover maintenance bonds, including how they work to protect property owners and contractors by covering risks of defects ...

In the heating and plumbing industry, licensed professionals are often required to post a surety bond. This state or local requirement ensures that customers working with heating and plumbing ...

Over the last 10 years, Ocean Construction in Marmora has worked on more than 100 federal construction jobs. Its specialty is National Historic Landmarks — things like roofing at Washington’s ...

Norfolk Southern is suing Federal Insurance Company, accusing the surety of refusing to act on a performance and payment bond.

Bond renewals beginning March 1, 2026 require contractors to maintain an active surety bond to stay compliant with New ...