Surety Bond Professionals is a family-owned and operated bonding agency with over 75 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs.
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Surety Bond Professionals is a family-owned and operated bonding agency with over 75 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs.
Read more
Challenges Facing Women-Owned Construction Companies Women have made undeniable progress in the construction sector, yet it remains one of the most gender-segregated industries in the U.S. Following a decade that saw a 45% surge in women participating in the industry in some capacity, they account for only 11.2% of construction employees. And only about 13% of construction businesses are women-owned. These numbers underscore the steep climb that women-owned construction companies (WCCs) still face. But they also reveal an enormous opportunity for WCCs that overcome the systemic hurdles.
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Turning an open field into a revenue-generating power plant demands disciplined execution. From the first sun-angle study to the last preventive-maintenance ticket, each phase carries distinct opportunities and risks for contractors.
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When contractors apply for construction bonds, sureties assess the risk associated with approving them for the requested amount. They look closely at such factors as a contractor’s working capital, net worth, work backlog, and management experience. This risk assessment determines the bonding capacity for MBE contractors and other small firms seeking growth.
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Contractors seldom think of surety bonds as strategic tools, yet the right bonding program can determine whether a 100-MW solar farm or a 250-MW wind park reaches commercial operation—and whether it is responsibly removed decades later at the end of its useful life. Because renewable assets “live” far longer than the construction schedule, bonding obligations evolve over time. This article outlines the bonds most often required on utility-scale and large commercial and industrial projects (roughly 10 MW to 500 MW), with pointers on how contractors can stay ahead of the curve. For a broader overview of how surety bonds support renewable projects from development to decommissioning, see our guide on surety bonds in renewable energy projects.
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Surety Bond Professionals is a family-owned and operated bonding agency with over 75 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs.
Read more
Surety Bond Professionals is a family-owned and operated bonding agency with over 75 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs.
Read more
Surety Bond Professionals is a family-owned and operated bonding agency with over 75 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs.
Read more
