ORSC Blog

Do I Need to Increase My Bank Line of Credit? You’re bidding on a new project, and the surety company says you need to increase your bank line of credit. Why, you may ask, do I need so much credit when I’ve ...
How to Get Your First Bond, Part 2 Are you ready for your first surety bond? In Part 2 of this two-part blog, Mueller provides additional advice. Be sure to read Part 1 here. In my first blog on ...
How to Get Your First Bond, Part 1 This is Part 1 of a two-part article on acquiring your first bond. Be sure to stay tuned for Part 2, publishing later this month. Are you ready for your first ...
Advantages of Working with an Independent Agent Right now, more than ever, we’re living and working in a highly automated, self-service world. Sometimes automation is welcomed — it can be efficient and a great ...
The Relationship between You, Your Agent, and Your Surety No matter what business you are in, you may need a surety bond at some point in time. This could range from a simple business services bond to a ...
As 2020 Closes: Consider Alternative Accounting Methods on Long-Term Contracts To say that 2020 has been a challenging year would be an understatement. Many small businesses across all industries were hit hard by the COVID-19 global ...
Maintaining Surety Credit in Times of Growth and Transition Most construction companies in the U.S. are owned by an individual or the members of a family. Yet, according to the Family Business Alliance, only 30% of ...
Why Your Construction Company Needs a Buy-Sell Agreement Has the topic of buy-sell agreements come up in discussions with your attorney, surety agent or accountant? Chances are someone who cares about the future of your ...
Surety Bond or Letter of Credit: What's the Difference? Surety bonds and letters of credit (LOCs) both provide risk management for construction or development projects. To know which is appropriate to use, it helps to ...
Contractors: Is Your Internal Record Keeping Helping You or Hurting You? Let’s face it, the reason you went into construction is because you like being at the job site — not cooped up in an office. So you probably don’t spend as much ...

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