An architect’s success is tied to the success of a project; surety bonds ensure successful projects. Helping architects and design professionals understand the basics of surety bonding can show them how a bonded project and their own success go hand in hand.
Project owners may consult with members of their advisory team, such as lenders or architects, to help them assess project risks. Architects who are knowledgeable about the surety industry are well positioned to advise owners of the value of surety bonds.
NASBP Producer Communications Toolkit 2.0 has many resources to help bond producers connect the dots for architects on the importance of surety bonds for success—both for the project and for the architect.
Managing Project Risks Through Surety Bonds
This document gives a brief overview of the surety bonding process and emphasizes that surety bonds ensure project success.
Architect-focused Talking Points
This list of talking points assists bond producers in engaging in conversations with architects about the value of surety bonds in a way that aligns with the important things on an architect’s mind—the success of the project and continuing a good relationship with the project owner. These are useful to include in presentations, emails, and social media posts.
Answers to 30 Questions Architects Ask About Contract Surety Bonding
This Q&A document can help a producer answer a wide range of questions from architects, from a simple “Why should I care?” to more complex questions regarding indemnity, contractor default, and claims.
Design Professionals as Payment Bond Claimants?
This article describes the possibilities for architects and design professionals to claim on a payment bond. Included is a 50-state chart providing an overview of each U.S. state’s approach to design professionals as payment bond claimants.
See all Architect Resources in the Toolkit 2.0 at https://www.nasbp.org/guaranteed/resources/architect.
These are just some of the valuable, free resources in the NASBP Producer Communications Toolkit 2.0 to help bond producers promote the surety product to construction project stakeholders. In addition to architects, see resources for project owners nasbp.org/guaranteed/owner, lenders nasbp.org/guaranteed/lender, and contractors nasbp.org/guaranteed/contractor. Check out NASBP's social media posts every Friday to learn more about the new NASBP Toolkit 2.0 resources. Visit the Toolkit 2.0 to learn more here: nasbp.org/guaranteed. #BeGuaranteedToSucceed #surety.