Faced with increased development, some local governments are requiring subdivision bonds to guarantee contractors meet their performance obligations. “Subdivision bonds generally guarantee public or private work improvements to a city or a municipality,” said Jason Valle, AFSB, AIS, Regional Manager in the Pacific Northwest for International Fidelity Insurance Company, a member of IAT Insurance Group
"The Business of Non-Construction Surety Bonds ," an article published in the NASBP Jan/Feb 2017 Pipeline. "New IRS Certification Program Could Mean More Business for Producers, Underwriters that Write Employer Bonds ," an article published in the NASBP Summer 2016 issue of Surety Bond Quarterly
Surety bonds on construction contracts provide critical prequalification of a bonded contractor and financial protection for the owner and certain subcontractors and suppliers. Architects who are knowledgeable about bonds are well positioned to advise owners about these premier project risk management tools
NASBP_What Are SB_Final.pdf
NASBP Policy Statement
Green Building and Surety.pdf
The proposed JOBS Credit Act would make the credits available to state or Indian tribal governments and any agency, instrumentality or political subdivision thereof that were ineligible for the credits under the CARES Act
The goal of architects is to help ensure successful project completion and to enhance the reputation of the owner—and the architect. Surety bonds play an essential role in the process by providing assurance the contractor is capable of meeting its contractual obligations and by protecting owners against contractor default and certain subcontractors and suppliers against non-payment
NASBP_Managing Projects_Final.pdf