Recent Posts
The Art of Saying No
A few years ago one of my contractor clients wanted to bid a $24mm project. The project was about three times bigger than anything they had built to date, but the ...
Is it M for Thousand and MM for Million, or K for thousand and M for Million? I’m asking for a friend.
If you’re confused about the letter designations that stand for thousands and millions, you’re not alone. And it’s not your fault. In fact, it’s one of our most ...
Will COVID- 19 Be Considered a Force Majeure?
On March 17, 2020 the City of Boston became the first city, but not likely the last city to close down all construction projects currently in progress due to the ...
Seven Things You Didn’t Know About Surety
It’s really old Not only was surety mentioned in the ancient Code of Hammurabi (circa 1754 BC), it is mentioned in the Bible and in The Quran. Ancient Roman ...
Picture Day for Contractors
If there is one thing I learned in grade school, it is that some days are more important than others. Most notably, in the life of a grade schooler, picture day ...
Release of Retainage Bonds: A Tool That Can Provide A Benefit To The Contractor
I was holding an annual surety account meeting out on the golf course one day with the agent and the contractor. This contractor works primarily as a ...
Letter of Bondability – It Is Not The Prequalification Some Think It Is
You may refer to them as Good Guy Letters, Sunshine Letters or just a Contractor Letter of Bondability. These letters have been around a long time, and their ...
It's Pig Iron Under Water!
To some of my fellow insurance professionals, the surety business has always had an air of mystery about it. Perhaps it is the exotic language we use referring ...
Why Character is So Important for Underwriting Surety Bonds
When a surety company asks personal questions of construction clients, they may think the surety is too invasive. Here’s why the answers to those questions are so ...
