How do Performance Bond Claims Work? One of the most important things to note about Performance Bonds is how they may be called upon, or claimed against. This blog will answer all your questions about how Performance Bond claims work, and when they might be called upon. What Types of Performance Bonds Exist and Why…
How do Performance Bonds Work? Understanding Performance Bonds and how they work is important in the construction industry, whether you are a contractor or employer. Therefore, understanding how Performance Bonds work is also vital. This blog will discuss everything you need to know about how Performance Bonds work and their relevance to construction projects. What…
The Impact of Macroeconomic and Insolvency Trends on the Surety Sector The Bonds and Surety market rarely operates in a vacuum. Broader economic conditions, including inflation, interest-rate changes, cost pressures, and construction-industry insolvency waves, deeply influence both the demand for and supply of Surety Bonds. For employers, funders and contractors, understanding these trends is critical…
What Employers Should Ask Before Accepting a Performance Bond from a Contractor When you’re about to appoint a contractor, especially on a large or complex construction project, a Performance Bond can give you peace of mind. However, accepting a Performance Bond without proper due diligence can leave you exposed. This blog will discuss everything you…
Alternative Security Options When Surety Capacity is Limited The UK construction landscape is shifting. Supply chain pressures, tougher underwriting standards and a more cautious financial climate mean that surety bond capacity is increasingly constrained. Traditionally, Performance Bonds are the go-to security mechanism for ensuring contract completion and protecting employers against contractor default. But when surety…
5 Key Changes in Surety Bond Underwriting: What Contractors Must Know Surety bond underwriting criteria across the UK construction sector are tightening in response to rising contractor insolvencies. Fueled by fluctuating material costs, weak supply chains, and increasing employer expectations, surety providers have to adapt. This reassessment of risk evaluation is causing a noticeable shift…
How Contractor Insolvencies Are Reshaping the Surety Bond Market in the UK Contractor insolvency in the UK is not a new challenge, but the scale, speed and frequency of collapses seen in recent years have significantly altered the dynamics of the surety bond market. In 2025, the UK construction sector continued to face significant challenges,…
Who Pays for A Performance Bond? Whenever a contractor is asked to provide a Performance Bond as part of a construction contract, one of the first questions is who pays for the Performance Bond? Understanding this clearly helps you budget your tender, assess your risk, and negotiate contract terms with confidence. This blog will discuss…
Everything You Need to Know About Performance Bond Insurance Performance Bonds are commonly associated with insurance, which is not the case. When you’re involved in construction or contracting, especially bidding on significant projects, one of the key terms you’ll encounter is a Performance Bond. In this blog we’ll cover what Performance Bond means, why it…
Performance Bonds vs Increased Retention: Which is Best for Your Business? When bidding for construction projects or negotiating terms, contractors increasingly face a choice between Performance Bonds and increased retention. However, many contractors may not know the difference between the two. Understanding the trade-offs between performance bonds and increased retention is vital if you’re a…
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