Can Small Contractors Qualify for Surety Bonds? In the construction industry, Surety Bonds are vital for securing work, building client trust and meeting tender requirements, but many small contractors wonder if they can realistically qualify for them. Small contractors can obtain Surety Bonds, but understanding how they work, what Surety underwriters look for and how…
How Surety Bonds Help Contractors Win Tenders and Grow In an increasingly competitive construction market, contractors are constantly looking for ways to stand out in tenders, demonstrate credibility, and secure long-term growth. One powerful yet often under-utilised tool that can help contractors achieve all of this is a Surety Bond. In this blog, we will…
Surety Bonds vs Bank Guarantees: Why Contractors Choose CG Bonds When contractors are preparing to bid for major projects or secure performance obligations, they often face a key choice: should they opt for a Surety Bond or a bank guarantee? Both instruments serve to reassure employers and project owners that contractual commitments will be met,…
The Role of Performance Bonds in Public Sector Projects Performance Bonds are a cornerstone of risk management in public sector construction projects. They provide peace of mind for public bodies, taxpayers and contractors alike by guaranteeing that project obligations are met as agreed. But what exactly are Performance Bonds, and why are they so important…
What is A Retention Bond in Construction? Retention Bonds are an essential but often misunderstood part of modern construction contracts. Whether you’re a contractor, subcontractor or project owner, knowing what a Retention Bond is and how it works can have a real impact on cash flow, risk management and contract performance. In this blog, we’ll…
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