Resource Downloads
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10 Things You Should Know About Surety Bonding
Surety bonds provide financial security and construction assurance by assuring project owners that contractors are capable of performing a construction contract and paying subcontractors and suppliers. -
A Government Leader’s Guide To Bonds Using Surety And Fidelity Bonds To Protect Taxpayers, Empower Businesses And Enable Innovation
This article is published in Governing magazine and talks about the importance of bonding public projects for the protection of the owner and taxpayers. -
Always Verify Your Bond!
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Contract Surety Bonds: Protecting Taxpayer Dollars
Explains why surety bonds are required on most public projects and how surety bonds protect taxpayer dollars. -
Helping Contractors Grow: Surety Bonding for New & Emerging Contractors
Provides information about bonding assistance and support programs, bond guarantee programs, and mentor-protégé programs for new and emerging contractors. -
How to Obtain Surety Bonds: An Introduction to Contract Surety Bonding for Contractors
Provides an overview of the bonding process from finding a producer to undergoing the prequalification process. -
Importance of Surety Bonds in Construction, The
Provides an overview of the value and benefits of contract surety bonds. -
Managing Subcontractor Risks of Non-performance and Financial Failure: A Flash Guide to Subcontract Bonds and Subcontractor Default Insurance
This NASBP white paper offers a broad overview of features and purposes of subcontract bonds and subcontractor default insurance with a point-by-point comparison of key aspects of each, providing insights into their suitability for a given situation. -
Protect Your Construction Lending Capital with Surety Bonds
Describes the protections offered by the Miller Act which is mandated by law for federal public construction projects (exceeding $150,000). -
SBA's Surety Bond Guarantee Program
Explains the U.S. Small Business Administration's Surety Bond Guarantee Program for small and emerging contractors. -
Surety Bonds at Work
Provides more than 15 claims case studies detailing how sureties prevent and resolve claims. -
Surety Bonds or Bank Letters of Credit
Explains the key differences between letters of credit and surety bonds. -
Surety Bonds versus Subcontractor Default Insurance
Describes why all parties working on a project covered by SDI should consider the potential risks of default insurance and benefits of surety bonds. -
Surety Companies: What They Are and How to Find Out About Them
Explains how easy it is to qualify a surety company through readily available resources. -
The Contract Surety Bond Claims Process
This 7-page document, developed by the Associated General Contractors of America, with input from NASBP and SFAA, provides owners, contractors, subcontractors, and other construction industry stakeholders with a basic understanding of the contract surety claims process. This new document is an updated version of a popular document developed by AGC in 2004. This information guide is in a question-and-answer format and provides information on types of contract surety bonds, what obligees should expect in performance default situation, what a claimant should expect in a payment bond claims situation, and many other topics. -
The Surety Safeguard: How bonding protects taxpayer dollars
Explains how surety bonds protect owners of construction projects against contractor failure and how they protect certain laborers, material suppliers, and subcontractors against nonpayment. -
Why Do Contractors Fail?
Outlines the events that lead to contractor failure and the warning signs that a contractor is in trouble.
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