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SBA Bond Program Can Increase Your Bonding Capacity.

How the SBA Bond Program Can Increase Your Bonding Capacity

The Small Business Administration (SBA) formed the Surety Bond Guarantee Program in 1971 in an effort to increase the small business participation in federal, state, and local government contracting. To accomplish this, the SBA provides participating surety companies a guarantee for the bid, performance and payment bonds they write to contractors enrolled in the program.

How the SBA Bond Program Can Increase Your Bonding Capacity Read More »

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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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