In this post, we will go over the 5 key aspects of Bid & Performance Bonds. These include: What are they? Who is covered? When are they needed? What are the Bond Amounts? How much do they cost?
Read MoreWith contract surety, many agents and brokers focus on the large general contractors because they typically manage large projects and have large surety needs.
Read MoreAt South Coast Surety, we prepare our brokers and agents to meet the needs of construction clients providing the most current industry information. In this edition, we provide an overview of Dodge Analytics 2019 construction forecast.
Read MoreSupply and Service Contract awards make up a significant portion of governmental budgets across the country.
Read MoreContractors are gearing up for the 2019 construction season. They are surveying the landscape; reviewing infrastructure plans and newly posted bid opportunities. Now is the time to consider bid bonds, months before groundbreaking takes place.
Read MoreThe spotlight on contract surety is most often related to public constructions jobs which are high profile and lucrative to all business associated with them. Often overlooked is contract surety for other governmental needs.
Read MoreThe surety bond concept is a risk transfer mechanism where the surety company assures the Obligee, “the government entity issuing the contract”, that the principal, the entity hired to fulfill the work (vendor), will perform the contract.
Read MoreConstruction Executive magazine featured Steve in their 14th annual ‘Contractor’s Guide to Surety Bonding’ where he answers the question that many contractors have – how does a contractor grow their surety bonding capacity?
Read MoreSome contractors try to avoid bonded jobs, with the following methods, Only bidding where bonding is not required, Bidding under prime contractor’s bond, Advocating for bond waivers and Advocating for alternative insurance/guarantee products
Read MoreSouth Coast Surety has been proudly providing surety support to all fifty U.S. states for twenty years. Starting out as a small agency with a dream in San Clemente, California, we have steadily grown into one of the largest bond-only agencies in the nation. We write all commercial bonds and contract bonds for every American business and industry. Our greatest achievement is helping our clients grow their business alongside our own through coaching and obtaining larger bonding limits at the best rates. We work hard for our clients and take pride in bonding businesses that have been declined by our competitors.