Position Briefs

To pursue legislative and regulatory objectives, the NASBP Government Relations team has developed position briefs on issues of concern to NASBP and for use during NASBP visits to Congressional offices.



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    Miller Act Indexing

    NASBP position brief on why the Miller Act should be exempt from periodic threshold increases

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  • Prepare for visits or discussions with congressional or other representatives with a review of this concise document, featuring key messages and positions for issues of importance to surety professionals and the surety industry.  **CLICK BUTTON below ...

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  • An architect who understands the benefits of bonding construction contracts is better prepared to advise owners that bonds help ensure successful contract performance and enhanced reputations.  These 30 Q&As explain the benefits of bonds and how they ...

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  • 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 ...

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  • 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 ...

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    What are Sureties?

    Most surety bonds are written by subsidiaries or divisions of insurance companies, which are regulated by state departments of insurance.  Surety companies are authorized and qualified to do business by the state insurance commissioner where they are ...

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  • Surety bond producers, who are regulated by state departments of insurance, are business professionals who specialize in providing surety bonds to contractors and subcontractors.  The bond producer helps position the contractor to qualify for surety credit ...

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  • U.S. GSA Memo announcing FAR Deviation which permits flexibilities on bond signatures and seals.

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  • NASBP & SFAA Memo to Chief Councils providing further information.

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  • NASBP SFAA letter sent to Members of Chief Acquisition Officers Councils requesting flexibilities in acquisition procedures to accept surety bonds with digital attributes and to waive certain requirements, such as raised corporate seals and notarizat ...

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  • SFAA-NASBP Municipal Request for Emergency Action

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  • SFAA-NASBP Request for Emergency Action State Memo

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  • SFAA-NASBP State Request for Emergency Action

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  • April 2 NASBP, along with SFAA and several affiliated organizations,  sent a letter to congressional leadership , requesting that they take immediate action regarding the acceptance of electronic bonds, including use of electronic signatures, seals, ...

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  • While operating during the COVID-19 pandemic, the Surety & Fidelity Association of America (SFAA) and the National Association of Surety Bond Producers (NASBP), on behalf of the construction industry and surety industry, urge public officials at the federal, ...

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  • NASBP developed the document Always Verify Your Bond! in response to the stated interest of its Members, Associates, and Affiliates for many and various educational materials from NASBP and to help combat instances of fraudulent surety bonds through education. ...

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  • NASBP supports Infrastructure Now: Advocacy Points This is a historic opportunity. The last big infrastructure deal with dedicated user-financing was enacted in 1982. The Trump Administration and Congress have an opportunity to do something equally historic ...

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  • Understanding the Differences between Performance and Payment Bonds and Project Completion Services Agreements is a two-page, easy-to-understand document that discusses the differences between contract bonds and a project completion services agreement. ...

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  • Managing Subcontractor Risks of Non-Performance and Financial Failure: A Flash Guide to Subcontractor Bonds and Subcontractor Default Insurance is a two-page, easy-to-understand document that discusses the differences between subcontractor bonds and subcontractor ...

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  • Amendments to Federal Regulations Provide Contracting Officers a New Cudgel with Which to Threaten Treasury Listed Sureties--This article is an excerpt from the Surety Claims Institute Newsletter Vol. 47, January 2015, No. 1. pp. 2225. and republished ...

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