Brianna Leight, Author at Surety Bond Professionals

New Mexico Construction Bidding Process

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. What is the Bid Process in Construction? The construction bidding process involves five steps: bid solicitation, bid submission, bid selection, contract formation, and project delivery. For a contractor in New Mexico to achieve success in the construction bidding process, you need to plan and improve in each of these areas. If you’re a new contractor or are looking to secure more bids more often, follow our guide below. What Should a Construction Bid Include? Successful construction bids generally contain the total cost of building the structure, including expenses for subcontractors, general contractors’ costs, overhead profit, and scope of work. A bid will also need to contain information such as company details, the date, a clear definition of the work, and a project name. Without all of these elements combined, you may not meet the necessary standards. How Do You Estimate a Construction Bid? An accurate estimate is not only vital for winning a bid, but it can also determine which...

By Brianna Leight

0

New Jersey Construction Bidding Process

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. What is the Bid Process in Construction? The construction bidding process involves five steps: bid solicitation, bid submission, bid selection, contract formation, and project delivery. For a contractor in New Jersey to achieve success in the construction bidding process, you need to plan and improve in each of these areas. If you’re a new contractor or are looking to secure more bids more often, follow our guide below. What Should a Construction Bid Include? Successful construction bids generally contain the total cost of building the structure, including expenses for subcontractors, general contractors’ costs, overhead profit, and scope of work. A bid will also need to contain information such as company details, the date, a clear definition of the work, and a project name. Without all of these elements combined, you may not meet the necessary standards. How Do You Estimate a Construction Bid? An accurate estimate is not only vital for winning a bid, but it can also determine which...

By Brianna Leight

0

Lien Laws vs. Payment Bonds

In today’s market, getting paid in full and on time is the exception, not the rule, causing significant cash flow challenges for construction contractors. In fact, surveys show that fewer than 10–12% of contractors always get paid on time according to the terms in their contracts, while more than 80% regularly face slow payments. (The average payment time is 74 days.) That unfortunate reality is why two tools, payment bonds and mechanics liens, are critical for subcontractors, suppliers, and the general contractors who manage them. 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. What are payment bonds? A payment bond is a surety bond issued on behalf of the prime contractor to guarantee payment of subcontractors, laborers, and suppliers for their work and materials, even if the contractor runs out of cash or goes bankrupt. On publicly funded projects, federal Miller Act and state “Little Miller Act” laws generally require payment bonds above certain contract values because mechanics liens cannot be filed against public property. On private...

By Brianna Leight

0

Surety Bond Best Practices for 2026 Government Contractors

If you want to land public-works jobs (federal, state, or local) in 2026, you’re going to have to get comfortable with surety bonds. Bid bonds, performance bonds, and payment bonds help ensure projects are built and people are paid. For contractors, bonding can feel like an obstacle to doing business, but handled correctly, it becomes a strategic advantage. When you build bonding capacity, you look stronger, win better contracts, and protect relationships with subcontractors and suppliers. 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. What do bid bonds do for me? A bid bond guarantees that if you are the low, responsive, responsible bidder, you will honor your bid price, enter into the contract, and provide the required performance and payment bonds. If you walk away after award or can’t provide the final bonds, the owner can file a claim against the bid bond and recover the difference between your bid and the next lowest eligible bid, up to the bond’s penalty (often 5–10% of the bid)....

By Brianna Leight

0

Inside the $1B Data Center Boom

Projections show tens of gigawatts and over $100 billion in construction by decade’s end, with global spending reaching trillions by 2030. For contractors, this sector is now a major market driving the next construction cycle. The boom is real, constraints are significant, and the firms adapting quickly will profit from this lasting shift. 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. Why Are These Projects Breaking the Billion-Dollar Mark? Three converging forces are driving the escalation. AI training, large models, real-time inference, and GPU-heavy workloads demand enormous power and cooling. As reported by McKinsey & Company, forecasts suggest AI-ready capacity demand will grow at 30% or more annually, and data center power consumption will increase by 165% globally by 2030. That means larger campuses and far more complex MEP systems. Industries like online trading, gaming, streaming, autonomous vehicles, logistics, telemedicine, and AI-driven apps all depend on near-instant response. Such clients need facilities in the right locations, with the right power, fiber, layouts, and reliability, so their data gets...

By Brianna Leight

0