Category: Construction Bond

March 9, 2023

Bottlenecks in Supply Chains: The Construction Industry Explained

Surety Bond Professionals is a family owned and operated bonding agency with over 30 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. Supply Chain Disruptions When contractors estimate costs and bid on a project, they make certain […]

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February 22, 2023

Statistics on Women in Construction

Surety Bond Professionals is a family owned and operated bonding agency with over 30 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. Women Historically Have Been Underrepresented in Construction There is documentation of women working as construction […]

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February 22, 2023

How Long Does a Surety Bond Last?

Surety Bond Professionals is a family owned and operated bonding agency with over 30 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. How Long Does a Surety Bond Last? There are no surety bonds that last forever, […]

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February 22, 2023

OSHA Fines Contractor $287,000 in Arkansas Due to Employee Safety Issues

Surety Bond Professionals is a family owned and operated bonding agency with over 30 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. Behind the Headlines In June 2022, two construction company employees in Arkansas lost their lives […]

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February 22, 2023

Dodge Data Concludes Recession in Construction Unlikely in 2023

Surety Bond Professionals is a family owned and operated bonding agency with over 30 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. Significance of Economic Forecasts in Construction The construction industry typically looks to Dodge Data & […]

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February 22, 2023

Early Impact of IIJA on Roads

Surety Bond Professionals is a family owned and operated bonding agency with over 30 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 IIJA? When President Eisenhower signed legislation appropriating funds to build the U.S. Interstate […]

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January 9, 2023

What Is Extended Pay?

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your performance and payment bond needs. What Are Performance Bonds? To understand what is extended pay, you must first […]

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January 9, 2023

What Are Underbillings?

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your performance and payment bond needs. What Are Underbillings? The Definition in Construction Underbilling occurs when costs have not […]

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January 9, 2023

What Is a Work in Progress Schedule?

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your payment and performance bond needs. What is a Work in Progress Schedule Report (WIP) in Construction? A work […]

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January 9, 2023

What Is Profit Fade?

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your performance & payment bond needs. Profit Fade Defined Profit fade is what happens when profits on a construction […]

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