Surety bonds are a means for independent contractors and small businesses to guarantee their performance under a contract. Surety bonds financially compensate the client if the contractor does not ...

Q. Should a driveway concrete contractor be bonded? How important is bonding? A. It depends on local regulations, as well as the scope of the project. Some states and municipalities require bonding ...

In a recent case from the U.S. District Court for the District of Columbia, United States ex rel. Scollick v. Narula, Case No. 1:14-cv-01339, two surety companies and the broker that issued bonds on ...

Construction contracts for commercial projects, including the ongoing boom in apartment projects, routinely require the general contractor and/or the subcontractors to provide performance bonds.

Many homeowners aim to save money by hiring an unlicensed contractor. However, hiring unlicensed contractors is illegal. Making sure you hire an appropriately licensed, insured and bonded contractor ...

Q: My agent is insisting that I hire a licensed, bonded contractor to pump water from my crawl space. The inspector "recommends" this. I didn't have a licensed, bonded contractor do the work. The ...

Q. Should a driveway concrete contractor be bonded? How important is bonding? A. It depends on local regulations, as well as the scope of the project. Some states and municipalities require bonding ...