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What California Construction Companies Need To Know About Bid Bonds

COVID-19 presented new challenges for the construction industry in 2020, and 2021 is poised to offer similar hurdles for new business. State and local municipality budgets are slim this year, and competition has increased while the number of available new projects continues to dry up. In years past contractors would be up against 3 or …

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Subcontractor surety bonds can make a BIG difference on your next project

If “pursue bigger and better projects” is on your to-do list this coming year, there are some important steps you need to consider taking to prepare your business and protect yourself from risk. Like many business owners, you likely have a list of preferred subcontractors and partners who you turn to because of their track …

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How CSBA Helps Contractors Become Better, More Successful Businesses

Over the many decades that we’ve worked in the construction surety bond business, we’ve noticed time and time again that contractors often overlook business opportunities in favor of focusing on the immediate need in front of them. These oversights can leave untold sums of money on the table, and prevent construction companies from accessing bigger …

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Preparing for the Recession

On March 16th, UCLA Anderson forecast officially declared that the “U.S. economy has entered a recession, ending the expansion that began in July 2009.” Because of construction being deemed “essential”, most of our construction clients have yet to feel the full impact. We have had very few of our contractors report of jobs being shut …

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