Obtaining Surety Bond Resources

Federal, state, and local governments require surety bonds in order to manage risk on construction projects and protect taxpayer dollars. However, surety bonds are not limited to public construction. Many private project owners and lenders require bonding on their projects and prime contractors may require subcontractors to obtain bonds.

In today’s competitive construction environment, a contractor’s ability to obtain surety bonds has a significant effect on that contractor’s ability to acquire work.