Surety Supports Contractors

A surety relationship provides business advantages.
Establishing and maintaining a surety relationship has tremendous advantages for construction businesses of all sizes.
Surety bonds—
  • Enhance your competitiveness by aligning you with resources and with business advisors interested in your long-term growth and success.
  • Demonstrate your qualifications to perform the contracts you seek to be awarded.
  • Are indicators of your credibility and stability within your marketplace.
  • Provide independent evaluation and protection when you are involved in contract disputes.

Surety bonds help contractors address subcontractor failure risk.
Surety bonds can help contractors address the risk of subcontractor failure.
Subcontract bonds—
  • Transfer the risk of subcontractor default from you to the surety company.
  • Through the rigorous prequalification process, help assure that the subcontractor is qualified to perform the subcontract work.
  • Protect you from paying twice for the same work and materials if the subcontractor fails to pay its subcontractors and suppliers.
  • Protect you from liens against private property if the subcontractor fails to pay its subcontractors and suppliers.
  • Cause you to be viewed favorably by your own surety company and lender.

NASBP bond producers are happy to speak with anyone needing information about surety bond relationships. To find a dedicated NASBP surety professional near you, click 'Speak with a Surety Pro'.