Engineer and contractor shaking hands success of the project work.

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

Published on January 5, 2021

By Dan Huckabay, President
Commercial Surety Bond Agency
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 ...
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The Top 6 Questions You Need To Ask Your Surety Agency

Published on December 8, 2020

By Dan Huckabay, President
Commercial Surety Bond Agency
Over the last several years, innovations in the surety industry have made it convenient and fast for contractors to obtain a construction bond. There are numerous websites and surety bond providers peppering the digital landscape that claim they can offer fast service and the best ...
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How CSBA Helps Contractors Become Better, More Successful Businesses

Published on December 8, 2020

By Dan Huckabay, President
Commercial Surety Bond Agency
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 ...
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Is Your Company Adaptable?

Published on May 15, 2020

By Dan Huckabay, President
Commercial Surety Bond Agency
Covid-19 has challenged all of us to adapt to an environment that we probably never thought was possible. But what is true adaptability? General Stanley McChrystal addressed this topic in the book Team of Teams by recounting how the United States military operation he led ...
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Preparing for the Recession

Published on April 7, 2020

By Dan Huckabay, President
Commercial Surety Bond Agency
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 ...
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What Are You Best At?

Published on March 12, 2020

By Dan Huckabay, President
Commercial Surety Bond Agency
I received a year-end financial statement for one of our contractor clients, and the results were truly extraordinary! Not only did they manage to have their biggest revenue year ever, they also had their highest gross profit margin. I asked one of the owners what ...
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Are We Near a Recession? Maybe Not.

Published on February 20, 2020

By Dan Huckabay, President
Commercial Surety Bond Agency
Chris Thornburg of Beacon Economics spoke to the Southern California Contractors Association in January and had a different view than most economists in media. According to a Wall Street Journal survey, 75% of economists polled believe there will be a recession in the next two ...
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Deadly Distractions

Published on January 14, 2020

By Dan Huckabay, President
Commercial Surety Bond Agency
I was cleaning out some old files the other weekend, and I came across an article published in ENR in January 2008 by construction management expert, Dr. Thomas Schleifer, titled Success Can Bring Deadly Distractions. The article reminded me of when I graduated college in ...
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How the Mighty Fall

Published on December 11, 2019

By Dan Huckabay, President
Commercial Surety Bond Agency
Some might recognize the title of this article, as it was borrowed from a book written by Jim Collins. In his book, Collins explores why certain companies that rose to become the best in their industry eventually spiraled downward. Companies like Circuit City, Kodak or ...
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Asian contractor and engineer inspecting material in construction.

A Tale of Two Contractors

Published on September 12, 2019

By Dan Huckabay, President
Commercial Surety Bond Agency
One of the really interesting things about the surety business is you get to look behind the curtain of a ton of contractors’ operations. Daily, we get to hear the opportunities and struggles that our customers face while at the same time seeing how the ...
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