ORSC Blog

Construction Company Do’s and Don’ts of Smart Contract Bidding Placing a bid on a public construction project comes with a host of risks for both contractors and public entities. A surety bond is an essential risk management ...
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 ...
How the Cost of a Contract Bond Is Determined What goes into determining the cost of a contract bond? Here is a basic introduction.
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 read Part 2 of Mueller’s advice for acquiring your first bond. Are you ready for ...
Commercial Surety 101: Why Contractors Need to Be Licensed and Bonded Most states require contractors to be licensed to obtain permits for projects. State and local jurisdictions may also require contractors to be bonded in order to ...
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 ...

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