by Matt Coats | Sep 16, 2016 | General
The Small Business Administration (SBA) has been providing assistance to small businesses since 1953 by providing credit and allowing them to grow while contributing to the economy. The SBA’s Surety Bond Guarantee program has recently increased bonding capacity while...
by Matt Coats | Aug 23, 2016 | General
Understanding contract language can play a vital role in a company’s success in terms of short and long term financial viability. Determining the risks involved by performing a thorough and concise due diligence process of the contract language is critical to...
by Matt Coats | Jul 21, 2016 | General
Understanding the claims process on a California Contractors License Bond can mean the difference between quickly resolving a problem, and an expensive lesson in California construction law. Whether you intend to make a claim on a contractor’s license bond or must...
by Matt Coats | Jun 21, 2016 | General
As you may recall, the Department of Industrial Relations (DIR) requires contractors wishing to bid on public works contracts to register with the DIR on an annual basis. The registration period begins and ends on the DIR’s fiscal year end (July 1, 2016 to June 30,...
by Matt Coats | Jun 17, 2016 | General
Contractors who are applying for surety credit should pay close attention to their backlog and the impact it has on their ability to obtain and potentially increase their surety bond credit. The Work in Process Schedule (WIP) is a powerful tool in helping to manage...
by coats | May 24, 2016 | General
Subdivision bonds come in all shapes and sizes from guaranteeing the construction of streets, sewers and sidewalks, to guaranteeing that engineers’ and surveyors’ monuments are accurately and timely placed. A City or Municipality (Obligee) may require a Principal to...
