New Resources Added to the NASBP Producer Communications Toolkit 2.0! – JulAug2021

NASBP is pleased to announce several new additions to the NASBP Producer Communications Toolkit 2.0. on the Be Guaranteed to Succeed microsite. NASBP strives to offer new and relevant content to help producer members discuss surety with project stakeholders.

Included in the new resources are three PowerPoint presentations to aid in presentations to potential clients, Local Surety Associations, contractors groups, and more.

How the NASBP Producer Communications Toolkit Can Help You Sell More Bonds explains how bond producers can use resources from the NASBP Producer Communications Toolkit 2.0 in marketing and social media campaigns to gain more clients and sell more bonds. Customize this for presentations to your staff and Local Surety Associations.

Understanding the Basics of Contract Surety Bonds offers an introduction to contract surety for contractors, defining terminology, discussing the general indemnity agreement and prequalification, and giving examples of who requires surety bonds. This template is useful for presentations to small and emerging contractors, students, and others that can benefit from an overview of surety.

The Value of Professional Surety Bond Producers gives information on the role of a surety bond producer, characteristics to look for in a producer, keys to a successful relationship between contractor and bond producer, and how to find a bond producer. This template is best used in presentations to small and emerging contractors and others who can benefit from an overview on the role of the surety bond producer.

There is another addition to the Toolkit 2.0 that is useful for small and emerging contractors—What You Need to Know to Understand the Surety Process. This article offers an introduction to contract surety, describing the three-party obligation for a contract surety bond, types of contract surety bonds, and some suggestions for contractors for what may be needed during the review process.

Do you have contractor clients that are considering working on a Joint Venture (JV)? Share What You Need to Know about Joint Ventures in the Construction Industry, a set of three articles that offer an in-depth look at JVs and provide contractors factors to consider before taking the leap into the world of JVs. This is also a good resource to share with bond producers and sureties providing bonds to a JV.

If you have a contractor client considering entering the public projects market, the new NASBP White Paper Do’s and Don’ts of Smart Contract Bidding for Construction Firms offers tips for bidding smarter with bonding in mind.

Lastly, there are two new resources that offer crucial information on subcontract bonds.

When Should a General Contractor Require Subcontract Bonds answers questions about requiring a subcontract bond, prequalification, and what happens when a subcontractor defaults.

Subcontract Bonds: Four Times When General Contractors Need Subcontract Bonds describes four scenarios when a general contractor should require a subcontract bond on a project. It also provides fundamentals to help contractors make decisions about subcontract bonds.

Check out these and all the Toolkit 2.0 resources at the Be Guaranteed To Succeed website.

Make sure to “like” and “share” the Toolkit 2.0 resources social media posts each Friday on NASBP’s social media channels! The NASBP social media channels include: