This publication provides nine things construction project owners should understand about surety bonds, including: how bonds help manage project risk effectively, the role of surety bonds, types of surety bonds, who regulates surety bonds, statutory bond requirements, surety bond costs, prequalification through surety bonds, contractual requirements for bonds, and how bonds help ensure project success.
Topic
Construction Risk Management, Contract Surety, Risk Management and Insurance
Publish Date
November 19, 2024
Audience
Owners
Resource Type
Brochure
Project Owners Beware – Don’t Eliminate Prime Bonds in Favor of Dual Obligee Status on Subcontract Bonds