In today’s competitive market, a surety bond is a valuable commodity for a contractor. Obtaining a surety bond shows your company’s best face to both potential customers and lending institutions. That’s because a surety bond amounts to a seal of approval from an independent third party, the surety bond company, which has evaluated your work.…Read more
What Are Surety Bonds?
Surety bonds are a form of protection that dates back to Babylonian times. Such bonds are a key piece of many public and private sector transactions. U.S. Customs, for example, requires importers to carry bonds to ensure compliance with rules and regulations. Courts require bail bonds to release criminal case defendants. Property or project owners…Read more