Surety bonds for performance and payment are crucial in the construction industry because, without them, contractors would likely be unable to secure projects. As many experienced contractors understand, the ability to bid on a public construction project is often decided… Continue Reading
Both construction and manufacturing business are showing signs of an economic upturn. Metal Construction News, a trade group, reported that both sectors are growing steadily. The construction industry had fallen victim to the recent economic hard times. However, green and… Continue Reading
A surety bond is basically a contract between three individuals or groups including the principal, the obligee and surety. The principal is the person who purchases the surety bond and enters into a contract with the obligee. The obligee is… Continue Reading
A surety bond is basically a contract between three individuals or groups including the principal, the obligee and surety. The principal is the person who purchases the surety bond and enters into a contract with the obligee. The obligee is… Continue Reading