Posted by Joseph C. De Graft and Kim Moore, Surety Bond Quarterly THIS ARTICLE IS offered to help bond producers and their small contractor clients address surety-related questions that may arise during performance of a construction project. Let’s assume the bonded small contractor (principal) is performing a project on which the owner (obligee) issued a notice to proceed some nine months …
When Construction Counts – Addressing Subcontractor Challenges
Posted by AP Construction & Surety, AssuredPartners Construction is a trillion-dollar industry, but construction can’t happen without subcontractors. With specialized skills, such as plumbing, electrical work, carpentry, and roofing, subcontractors allow general contractors to focus on managing the projects while adjusting their workforce to meet project demands. Because subcontractors are a vital part of the construction industry, it’s important to recognize …