Position Briefs

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.  These 30 Q&As explain the benefits of bonds and how they ...

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 by providing assurance the contractor is capable of meeting its contractual ...

Surety bonds on construction contracts provide critical prequalification of a bonded contractor and financial protection for the owner and certain subcontractors and suppliers.  Architects who are knowledgeable about bonds are well positioned to advise ...

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 to do business by the state insurance commissioner where they are ...

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 bond producer helps position the contractor to qualify for surety credit ...

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 certain requirements, such as raised corporate seals and notarizat ...

SFAA-NASBP Municipal Request for Emergency Action

SFAA-NASBP Request for Emergency Action State Memo