New construction companies face a special set of hurdles when beginning, as any business does. It’s not just getting set up that causes barriers, but
In the surety world, the term “aggregate bonding capacity” is used to refer to the total amount of credit extended by a surety company to a particular contractor at any one time, and it is probably one of the most misunderstood aspects of surety programs for contractors.
Whether you’re new to the bonding process or have been working with a surety agency for a significant amount of time, it can be difficult
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
If you’ve ever worked on a public works project, you’ve no doubt been required to get a performance construction bond prior to starting the job.
Our mission at CSBA is to help contractors navigate the complex world of surety bonds so that they can win the jobs that will take
For contractors, taking on larger projects is a natural part of growth in business. The challenge is that no two projects are exactly alike, and
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
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
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
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
Warren Buffet has said that the true role of any Chief Executive Officer is to be the Chief Risk Officer. In no business could this