ORSC Blog

Face-to-Face Meetings with Contractors Are Key “Your word is your bond.”
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, ...
Creating the World Around Us: Behind-the-Scenes Exclusive with Contract Underwriter - Ben Workman From bass player to bond underwriter, Ben plays many parts - and he rocks them all! Ben’s job as a contract underwriter gives him the power to spin remarkable ...
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 ...
Transitioning From Fastbonds to a Standard Bond Program Here are some important reasons why a contractor would want to transition from a credit-based bond program, or Fastbond, to a standard bond program - and how to ...
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 ...
Pure Guts - Pure Michigan Michigan's two peninsulas were finally connected in 1957, after 20 years of planning, and close to $100 million in construction and engineering costs with the ...
How Work in Progress Reports Benefit Contractors, Accountants, and Everyone Else Cost overruns are a common occurrence in the construction industry. It’s far too easy at the mid-point of any project to misjudge billing against the actual ...

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