As infrastructure funding begins to roll out, it is a good time to remind project owners of the benefits of surety bonds. Many projects receiving this federal funding will require contractors to obtain surety bonds.

Luckily, NASBP producers have access to many great resources to share with owners, all in the NASBP  Producer Communications Toolkit 2.0 (Toolkit 2.0). Use these tools to help remind owners that surety bonds offer peace of mind and ensure project success.

NASBP Documents

9 Things Savvy Owners Should Know About Surety Bonds

This document shares nine reasons why surety bonds benefit project owners. The document includes a short introduction to the three-party contract, details how surety bonds manage risk, and highlights how surety bonds guarantee the success of the owner’s project.

Answers to 32 Questions Public and Private Owners Ask About Contract Bonding

This document explains how surety bonds benefit public and private project owners in a question-and-answer format. Starting with the basics, “What is a surety bond?,” and moving to more complex questions, this document offers a wealth of knowledge for owners with all levels of surety knowledge.

NASBP Surety Story Videos

Penn Highlands Dubois Regional Medical Center
This video offers the perspective of a medical facility administrator on why surety bonds are crucial safety nets for construction projects. The video conveys how surety bonds offer vital assurances that construction obligations will be completed, ensuring that needed facilities can continue serving the community.

Punahou School
This video explains how surety bonds benefit a school construction project. Surety bonds guarantee contract obligations and help ensure school construction projects are completed, so that the students are not adversely impacted.

Social Media Assets

These social media images, in conjunction with text NASBP provides in the Toolkit 2.0 or with your own words, can help direct your messaging to project owners. Using these images with specific messaging about the influx of infrastructure funding will remind project owners of value of surety bonds.

These are just some of the valuable free tips and guidance NASBP bond producers will find to help them promote the surety product to construction project stakeholders, including project owners nasbp.org/guaranteed/owner, lenders nasbp.org/guaranteed/lender, architects nasbp.org/guaranteed/architect, and contractors nasbp.org/guaranteed/contractor. Visit the Toolkit 2.0 to learn more here: nasbp.org/guaranteed. Check out NASBP’s social media post every Friday to stay in the know about the NASBP Toolkit 2.0 Resources. #BeGuaranteedToSucceed #surety.