Contractors Must Know Their Contract and Strategize to Avoid Damage Claims

Nina Conner News

Posted by Thomas A. Littlefield, OldRepublicSurety When a construction project is delayed, damage claims can result, and fingers are quickly pointed at the contractor to be held accountable for these damages. Planning for all the potential delays that can affect a project is not easy ― especially in today’s unpredictable pandemic environment with its supply chain shortages, volatile prices of …

Letter of Credit or Surety Bond? Why a Surety Bond May Be the Right Choice for You

Nina Conner News

Posted by Regan Hupf, AssuredPartners Surety bonds offer compelling advantages as a type of security against contract default when compared to guarantees offered by banks. The demand for surety bonds as a financial instrument as opposed to merely a statutory requirement has been gaining traction. Most businesses with a leased facility or office space will have some sort of security …