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performance bond

Contract Surety Bond Approvals ~ How to Get Your Performance Bond Approved

Contract surety bond approvals should be easier. One of the most frustrating parts of being a contract surety bond underwriter is having to decline bonding capacity to a contractor that you feel possesses the prerequisite experience, expertise, character and financial… Continue Reading →

Proposed Changes in Federal Performance Bond and Payment Bond Forms

On October 19th, 2015, the Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA) jointly proposed a Rule which will change the standard federal performance bond and payment bond forms prescribed by the Federal… Continue Reading →

Working Capital and Contract Surety Bonding

Of all of the financial components that a contract surety bond underwriter considers when reviewing a performance bond  request, working capital is the the first. Healthy working capital is indicative of a contractor’s ability to service his or her short… Continue Reading →

Changes in State Construction Laws Impact Contractors & Performance Bonds

State Construction Laws






Performance Bonds, an SIO Primer

Contract Surety Bonding






Benefits of Surety Support of Public Private Partnerships (P3s)

Our President and Chief Underwriter, Constantin Poindexter appeared recently in the Engineering New Record Surety Supplement, responding to a general Q&A about why surety participation in public private partnerships is essential.  Copied below is the response in full, which you… Continue Reading →

Performance Bonds Under the Miller Act

This law has been on the books for a LOOOOOONG time and its not news to contractors, CPAs and attorneys who deal with contract surety bonding on a day to day basis.  We came across this very good piece wanted… Continue Reading →

Contract Surety – Tax Returns are NOT Financial Statements

Bottom line, tax returns are NEVER acceptable financial reports when applying for contract surety bonding. Except for very small bond requests a contract surety underwriter will require one more years of proper financial statements prepared by a certified public accountant… Continue Reading →

Rule on National Defense Authorization Act Surety Bond Program

The Federal Register has issued a proposed rule to conform the regulations governing the Surety Bond Program to certain provisions of the 2013 National Defense Authorization Act (“NDAA”). Specific changes proposed are: Increasing the contract amount which the Small Business… Continue Reading →

US Department of Transportation Bonding Education Program

The United States Department of Transportation has updated its protocols regarding the DOT’s Surety Bonding Education Program.  As per the DOT and taken directly from their published circular, The Surety Bonding Education Program (BEP) process includes: Stakeholders meeting Members of… Continue Reading →

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