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…
How to Speed Up Your Surety Bond Application Applying for a Surety Bond, whether it’s a Performance Bond, an Advance Payment Bond or any other bond type, doesn’t have to be a slow process. With the right preparation and prompt response time, you can significantly reduce lead times and get your Bond in place quickly. …
5 Signs Your Project Requires a Surety Bond When you’re planning a construction or development project, it isn’t always obvious whether a Surety Bond (often a Performance Bond) is necessary, but in many cases, it can make the difference between a smooth, secure project and one exposed to serious financial and delivery risk. In this…
Choosing the Right Surety Bond Broker for Your Performance Bonds From a contractor’s perspective, a good Surety Bond broker makes all the difference. The right broker will manage the process efficiently, avoid unnecessary delays, and protects your position throughout the life of the Performance Bond In this article, we walk through how to choose the…
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…
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