ORSC Blog

Bonding Company What Bonding Companies Would Like CPAs to Know If a CPA provides the accounting service for a construction contractor or subcontractor, chances are the client has needed a surety bond. Many contractors ...
Choosing a Bond Producer Choosing a Bond Producer for the Long Run The agent you select for your surety bonds has a tremendous impact on your ability to get a project bond approved. Bond producers are key partners in getting that ...
Balance Sheet The Difference Between a Balance Sheet and an Income Statement We often get questions about financial statements and why they are important to the bond underwriting process. Underwriters will generally ask for several key ...
Planning, the Pandemic and Price Increases In November 2020, I had an opportunity to reflect on what 2021 might look like for the construction industry. You can read my prognostications in Construction ...
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 ...
What to Look for in a Commercial Surety Bond Form Insurance agents will occasionally write a commercial surety bond as an added service to their clients. These agents know their way around property-casualty ...
Construction Company Do’s and Dont's of Smart Contract Bidding This article originally was published by the National Association of Surety Bond Producers and is being republished with the express permission of NASBP. Placing ...
Contractor Materials Shortages and Materials Price Inflation We all know well that the availability and prices of many of the materials used by construction contractors have been affected dramatically since the start of the ...
It’s Not Just About Rates. It’s About Valuable Service In today’s world, we are surrounded by advertisements. And whatever the product is, advertising consistently drives price to hook new customers. But is that the ...
4 Things You Didn’t Know About Surety Darrel Lamb, Old Republic Surety regional vice president, wrote a great blog post a while back, “7 Things You Didn’t Know about Surety.” Darrel hit the mark with ...

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