Construction Insurance
Know Your Bond Before You Sign
How understanding guarantee forms helps contractors avoid hidden financial risks
Author
Robert J. Duke
Mark H. McCallum is general counsel and director of government relations for the National Association of Surety Bond Producers (NASBP), Washington, DC. He can be reached at 202.686.3700.
Robert J. Duke is director of underwriting and assistant counsel for The Surety & Fidelity Association of America (SFAA), Washington, DC. He can be reached at 202.463.0600.
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Construction Insurance
Construction Contract Terms and Conditions from a Surety Perspective
A surety on a performance bond guarantees to the project owner that the construction contractor will perform the contract fully, in accordance with its terms and conditions. -
Construction Insurance
Surety Bonds: The Best Way to Prevent Subcontractor Default
For more than ten years, subcontractor default insurance has been promoted as a substitute for subcontractor performance bonds.