An architect who understands the benefits of bonding construction contracts is better prepared to advise owners that bonds help ensure successful contract performance and enhanced reputations. ...
The goal of architects is to help ensure successful project completion and to enhance the reputation of the owner—and the architect. Surety bonds play an essential role in the process ...
Surety bonds on construction contracts provide critical prequalification of a bonded contractor and financial protection for the owner and certain subcontractors and suppliers. Architects ...
Most surety bonds are written by subsidiaries or divisions of insurance companies, which are regulated by state departments of insurance. Surety companies are authorized and qualified ...
Surety bond producers, who are regulated by state departments of insurance, are business professionals who specialize in providing surety bonds to contractors and subcontractors. The ...
U.S. GSA Memo announcing FAR Deviation which permits flexibilities on bond signatures and seals.
NASBP & SFAA Memo to Chief Councils providing further information.
NASBP SFAA letter sent to Members of Chief Acquisition Officers Councils requesting flexibilities in acquisition procedures to accept surety bonds with digital attributes and to waive ...
SFAA-NASBP Municipal Request for Emergency Action
SFAA-NASBP Request for Emergency Action State Memo