Surety Bonds

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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 »

Engineer, foreman and worker discussing in building construction site.

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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