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From Lorman Education Services
Obtaining Surety Bonds for Construction Projects
BenefitsThe current heightened risk environment caused by increasing contractor failures have raised concerns in the surety markets, however underwriting standards have not materially changed. What has changed is that sureties are more closely scrutinizing contractors' balance sheets and underwriting information to meet these standards and this trend will remain until the construction industry
more...
Obtaining Surety Bonds for Construction Projects
BenefitsThe current heightened risk environment caused by increasing contractor failures have raised concerns in the surety markets, however underwriting standards have not materially changed. What has changed is that sureties are more closely scrutinizing contractors' balance sheets and underwriting information to meet these standards and this trend will remain until the construction industry
more...
