Placing concrete requires specialized skills and equipment. The licensing requirements for concrete contractors vary from state to state. In some states, concrete contractors need a specific license ...

Surety bonds are an agreement involving a principal, an obligee and a surety company that issues the bond for a fee. In most cases, the obligee accepts a bid or application submitted by the principal.

In the heating and plumbing industry, licensed professionals are often required to post a surety bond. This state or local requirement ensures that customers working with heating and plumbing ...

Over the last 10 years, Ocean Construction in Marmora has worked on more than 100 federal construction jobs. Its specialty is National Historic Landmarks — things like roofing at Washington’s ...

Surety capacity was increasing at the start of 2012, says Marsh Inc., the big brokerage. Driven by new and expanded surety underwriting firms, new underwriting approaches and increased limits from ...

For most contractors working in the U.S., construction bonds are one of the major requirements they need to meet in order to even apply for a project. Still, they are often confused by these bonds, ...

It is in this context that surety bonds have begun to attract attention—not as a financial innovation, but as a structural ...