Why Private Construction Jobs Are Requiring Surety Bonds, Too

Nina ConnerNews

Posted by Jacqueline Greenberg Vogt, Surety Bond Quarterly – Professionals in Surety Bonding Public construction projects almost always require surety bonds. As a type of insurance, bonds protect the government if the wheels come off a project, or the contractor absconds with the funds. Indeed, bonding has been mandatory on federal public works projects since 1894, with the passage of …