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Does Requiring Bonds from Subcontractors Increase Bonding Capacity?

Hiring a subcontractor is a regular necessity in the construction industry, and it often raises the question of whether a prime or general contractor should require their subcontractors to provide performance and payment bonds to them. Subcontractors aren’t typically required by the owner of the project to provide bonds to the prime or general contractor. …

Does Requiring Bonds from Subcontractors Increase Bonding Capacity? Read More »

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7 Common Mistakes Contractors Make When Growing Too Fast

Everyone makes mistakes in business, but mistakes made while growing your construction business can risk the long-term health of your company and harm its survival. It’s easier to make mistakes when growing, especially when growing rapidly, as you’re still getting the business up and running as well as finding your footing in the construction industry.  …

7 Common Mistakes Contractors Make When Growing Too Fast Read More »

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What is a Contract Bond?

As a contractor, when you want to bid on a tax-funded construction job, you’ll likely be required to apply for and obtain several kinds of bonds. The different types of bonds can get somewhat confusing or the bonding process difficult to navigate.  We at CSBA work to educate California contractors on the types of bonds …

What is a Contract Bond? Read More »

Using Personal Assets to Increase Bonding Capacity.

Do Sureties Consider Personal Assets When Determining Bonding Capacity?

As a contractor, you know that bonding capacity and the ability to get surety bonds are essential to bidding on jobs. What isn’t always clear are the factors that you can leverage to increase bonding capacity, which is why many contractors that have personal assets wonder if sureties include those in when determining bonding capacity.  …

Do Sureties Consider Personal Assets When Determining Bonding Capacity? Read More »

Contact Commercial Surety

We want to know more about how we can help your construction company get the right contractor bond for your next project. Fill out the form below and one of our local expert bonding agents will be in touch with you shortly.

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