This slide presentation explains why sureties sometimes require collateral from a contractor, how collateral benefits small and emerging contractors, how its centralization process works, and the forms of collateral accepted by sureties (cash, ILOC, and real estate) and those not accepted by sureties.
Topic
Construction Risk Management, Small and Disadvantaged Business Matters
Publish Date
November 25, 2024
Audience
Contractors
Resource Type
Presentation
Project Owners Beware – Don’t Eliminate Prime Bonds in Favor of Dual Obligee Status on Subcontract Bonds