Surety Bonds in the Construction Industry

December 11th, 2008 by Sam Simon. Posted in Construction Business Podcast, Running Your Business

The importance of surety bonds in construction and specifically for the contractor is the latest topic of discussion on the Construction Business Podcast. Bill Maroney, president of the National Association of Surety Bond Producers and Senior Vice President with City Underwriting Agency Inc., joins this episode to talk about the key aspects that contractors will need to know about surety bonds and how they fit into today’s economic climate.

Contact Bill Maroney

Click here to go the National Association of Surety Bond Producers website

Click here to go to the Surety Information Office website

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9 Responses to “Surety Bonds in the Construction Industry”

  1. Paper Shredders Says:

    The Industrial Destroyit shredder models are safer and more convenient than using an outside shredding service, these models provide security for an entire floor or facility. Bound ledgers, ring binders, stacks of printouts, storage media such as tapes and CD’s- even entire wastebasket contents can be fed into these powerful Destroyit shredders. Every model has a 10-year warranty on cutting heads and 1-year limited warranty on mechanical parts.

  2. File Shredders Says:

    The Industrial Destroyit shredder models are safer and more convenient than using the outside shredding services. Bound ledgers, ring binders, stacks of printouts can be easily fed into these shredders.

  3. Surety Bond Guy Says:

    Surety bondsmarkets have become extremely though.

    Hopeful there will be a surety company that will step in and help these contractors out

  4. basic oxygen furnace Says:

    Very informative post.. thanks for sharing..

  5. performance bonds Says:

    Some businesses even use the surety bond as a marketing point to convey a certain image to the public. Advertising the fact that you are bonded will give the customer a sense of trust in you and your company.

  6. contract bonds Says:

    Well, I can therefore say that a bail bond is a document which assures the court that a person charged with an offense, and who typically is in jail, will, if released, appear for future court dates.

  7. pensions Birmingham Says:

    Many owners require surety bonds from their contractors to protect their company and shareholders from the enormous cost of contractor failure. To bond a project, the owner specifies the bonding requirements in the contract documents.

  8. contractors license bonds Says:

    thanks for the info. it’s just what i needed.

  9. tom Says:

    it’s important to know about all aspects of the surety bonds process especially contractors license bonds because their quite complicated in some cities.

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