- Flyer promoting the Contractor Bonding Education and Mentoring Program - The NASBP and SFAA created this free program to help new and emerging construction businesses, particularly minority-owned and other under-represented businesses, learn how to qualify for surety bonds. This program can help contractors determine if construction surety bonds are for them, and if so, how to prepare their company to qualify. If they have already qualified for surety bonds, it can also provide valuable information on how to establish or grow their surety bond program and in turn, grow their business.
- Forms of Change Order Fraud and How to Spot Them by Aaron Cook of Marcum LLP, article published in the September/October 2023 NASBP Pipeline. This article describes how change orders can be taken advantage of by bad actors and offers some questions to ask that can help to determine if change order fraud may be occuring.
- Bank Stability is Crucial to Contractor Bondability by Mike Sanders of Old Republic Surety, article published in the July/August 2023 NASBP Pipeline. Pay attention to the health of your bank to make sure your assets and services remain accessible. Taking steps to ensure your assets are with a reputable and stable banking institution can protect your company and its ability to qualify for essential surety bonds.
- Because Construction Isn't Risky Enough: Mitigating Banking Risks by Carl Oliveri of Grassi, this article shares steps construction company leaders can take to address the risk of bank failures and potential impact to cashflow.
- Understanding Damage Clauses in Construction Contracts by Thomas A. Littlefield of Old Republic Surety, article published in the November/December 2021 NASBP Pipeline. This article describes critical contract clauses, including the no-damage-for-delay clause and cross-project setoffs to consider for a contractor's risk-mitigation strategy.
- Why Is a Performance Bond a Project Owner's Best Friend? NASBP Blog Post
- Not So Fast: What to Consider Before Terminating Your General Contractor NASBP Blog post by Richard Reizen and Patrick Johnson of law firm Gould & Ratner LLP
- Explaining the Value of Surety Bonding by Daniel Pentecost of Westfield, published in NASBP Surety Bond Quarterly spring 2023 issue
- Issues with Automatic Increases to the Bond Penalty by Dan Pope of Old Republic Surety, published in NASBP Surety Bond Quarterly spring 2023 issue
- Myths vs. Facts: Payment Bond Mythbusters by David A. Harris of Bovis, Kyle, Burch & Medlin, LLC, published in the NASBP Surety Bond Quarterly winter 2021 issue
- Surety and Construction Attorneys' Perspective: Surety Prequalification Goes Beyond Three Cs by Michael C. Zisa and Joseph N. Frost of Peckar & Abramson, P.C., published in the NASBP Surety Bond Quarterly winter 2021 issue
- A Lesson from Christmas Past by Dan Pope of Old Republic Surety, article published in the November/December 2022 NASBP Pipeline. This article highlights a valuable lesson in understanding a business and the motivations of the people who own it.
- Eight Insights into Contract Surety Claims by David Kotnik of Westfield, article published in the November/December 2022 NASBP Pipeline. This article discusses contract bond surety claims, offering eight considerations for bond producers and sureties.
- NASBP Video Series Highlights the Value of Surety Bonds to Project Owners
- A Surety's Key Reasons for Working with NASBP Members by Darrell Lamb and Todd Taylor Old Republic Surety, article published in the Sept Oct 2022 NASBP Pipeline
- PPP Money: The Wealth Effect and Other Factors That Surety Underwriters Consider by Jeremy Roberts of Westfield, article published in the Sept Oct 2022 NASBP Pipeline
- New Infrastructure Spending Brings Opportunities, Challenges to Contractors by Rick Whitslar of Westfield, article published in the July August 2022 NASBP Pipeline
- How to Reduce the Likelihood of a Surety Claim by Lisa Frasier of Old Republic Surety, article publised in the May/June 2022 NASBP Pipeline. This article gives commonsense practices for contractors to reduce the likelihood of a claim and shares the signs of an impending default.
- What Are Surety Bonds? - This document describes how 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 owners about these premier project risk management tools.
- What Are Sureties? - This document explains that 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 domiciled and in the jurisdiction where the bond is issued.
- Who Are Surety Bond Producers? - This document describes how 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 and plays “matchmaker” between the contractor and the surety company.
- 9 Things Savvy Owners Should Know About Bonding- Nine concise reasons why surety bonds provide owners peace of mind.
- Answers to 30 Questions Architects Ask About Contract Surety Bonding - This document explains how an architect who understands the benefits of bonding construction contracts is better prepared to advise owners how surety bonds help ensure successful contract performance and build strong reputations. These 30 Q&As explain the benefits of bonds and how they play an essential role in the construction risk management process.
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