ORSC Blog

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 ...
Can You Explain Your Bid Spread? If you were to ask contractors what they like most about construction, they probably wouldn’t say, “I love preparing bids.” Most contractors love being on the job ...
Face-to-Face Meetings with Contractors Are Key “Your word is your bond.” In no other line of work does this age-old phrase ring as true as in the surety business. We often talk about “the three c’s of credit” ...
In the Spotlight With Old Republic Surety Marketing Rep - Vince Cefalu From a movie with Clooney to winning multiple awards in marketing, this Hollywood Actor takes us on a tour of his west-coast life. But lucky for us, we get to ...
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 ...
10 Smarketing Hacks For Bond Producers Smarketing is a term used to describe the synergy between sales and marketing that is aligned around common goals focused on increasing revenue. With smarketing ...
Weather Delays & Construction Contracts - Are You Prepared? Did you know that since 1980, there have been 246 weather-related disasters in the U.S. that cost $1 billion or more? Tropical storms, hurricanes, tornadoes, ...
The Real Life of Senior Commercial Underwriter – Shayne Albine Quintessential girl boss, Shayne Albine, paints a picture of her day in the life – and she doesn’t Photoshop any of it. #NoFilterNecessary “I think about the ...
Surety Bond Claims 101 There’s nothing quite like the sinking feeling you get when you hear there’s a claim against your bond. Despite your best intentions, it’s likely that you’ll face ...
The Importance of License and Permit Bonds There’s an element of risk in every business transaction.  License and permit bonds were created so that municipalities could help protect citizens from ...

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