ORSC Blog

The ABCs of Surety Bonds What’s the difference between surety bonds and insurance? That’s a question I hear often, and it’s a good starting point for discussion. Knowing those differences ...
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 ...
Construction Oriented CPAs Play Key Role for Contractor's Bonding Needs We often hear contractors say that getting a job is the hard part – completing the project is the easy part. Many factors go into that, one of which is having ...
A Tale of Two Opportunities: Financing of Risk Through Subcontract Bonds Last month I met with two contractors where subcontract bonds were a central topic. The first was a paper general contractor, meaning they administered the ...
What Happens in Vegas .. Also Happens in New Mexico, Arizona, & Utah for ORSC’s Bond Manager — Sean Rummel Sean takes us on his journey through the desert — but there’s nothing dry about his story. In 2013, Sean interviewed at Old Republic Surety in Atlanta, where he ...
Influencing (and Increasing) Your Bonding Capacity Construction bond capacity matters — sometimes more than firms may realize. Simply put, bond capacity can either hold you back from the growth you’ve envisioned ...
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” ...
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 ...

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