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Surety bonds are an essential part of doing business as a contractor, and there are several types you’ll run into while bidding on or engaged in construction projects. While some surety bonds are more obscure and uncommon, other more common types should be understood. Part of that understanding is first identifying which surety bonds are

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. 

Surety bonds are an essential part of the construction industry, and while it’s mandatory for government projects, they’re popular among privately funded jobs as well. Like any business person, you can’t be an expert in all things related to your company, nor would anyone expect you to be. No one expects the head of a

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 they’ll

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. 

Applying for a surety bond isn’t so routine that a contractor is immune to making mistakes. In fact, lots of contractors make mistakes on their application without knowing, and when their bond application is denied, they chalk it up to many reasons that may have nothing to do with the rejection.  To help California contractor

Contractors, like anyone with a business, would naturally want the best rate for anything necessary. With surety bonds, getting the best rate has less to do with where you go to get a lower price than what you do to prepare for applying to get bonded. To position yourself for the lowest cost you can

Surety bond rates are determined on a case by case basis, which makes it much more difficult to know if you’re paying too much for your surety bonds. It’s tempting to point a finger at the surety company and say they’re simply charging too much, but there are several things a contractor can do to

Whether you’re looking into bonding for the first time or have reached a point where CPA statements are part of the bond requirements, you may find yourself wondering if financial statements from a CPA are always required for bonding. To answer that question and ensure you understand why someone would require a financial statement prepared