The lease on the Buffalo Bills’ current home, Highmark Stadium, expires in 2023, and planning efforts for relocating to a new stadium started in 2014. The team, Erie County, and New York State, recently arrived at an agreement to build a new 60,000 seat stadium, with a price tag of $1.4 billion, in Orchard Park. […]
Read moreAmazon’s highly publicized search for an east coast home for its second headquarters, dubbed Amazon HQ2, ultimately resulted in a plan for construction on two sites in Arlington, Virginia. The project is proceeding in two phases at a total cost of more than $2.5 billion. Surety Bond Professionals is a family owned and operated bonding […]
Read moreThe California High-Speed Rail (CAHSR) grew out of a vision of a “bullet” train spanning the 800 mile distance from Sacramento to San Diego. The environmental benefits of a system of zero emission trains powered entirely by renewable energy are undeniable. When completed, the electrified high-speed rail will keep more than 3,500 tons of pollutants […]
Read moreSurety 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 Are Performance Bonds? Performance bonds are surety bonds commonly used in the construction industry to […]
Read moreStarting your own construction business can sometimes be a leap of faith. But that faith in your business is stronger if you learn about the industry. For example, it is important to know the benefits of being a licensed, bonded and insured construction company. Why should I be licensed and apply for permits? The simple […]
Read moreOnce you have made the decision that a surety bond can help grow your business, knowing the basic construction surety bond terms can help to expedite the application process. And, it also helps to know which bond you will need for specific parts of the project. Yet, if looking for a more comprehensive description, our […]
Read moreThere are many financial products that help a construction company to grow, both in the private and public sector. Two of these products, a surety bond and a line of credit, can be helpful in becoming more successful. Knowing the difference between the two can help your business to grow. Surety Bonds vs Lines of […]
Read moreWe’ve emphasized, in previous blogs, that a contractor has control in avoiding claims. The best way to avoid having a claim filed is to make sure that the contractor fulfills and documents all contractual obligations. But, if the contractor is not able to fulfill the contractual obligations, a claim may be filed. This will hurt the […]
Read moreA Work in Process schedule (WIP) helps contractors document the progress of their project. A WIP also helps the surety company to evaluate the progress of the project as well. A well-documented WIP can help the contracting company earn future approval for surety bonds. In a general WIP, some of the things documented are the contract […]
Read moreMany contractors find that the surety bond process can be complex. But, having a competent and knowledgeable surety bond producer is the first step to making sure your project will get underway. By answering the following questions, a contractor may be able to determine if there may be a delay in approval. Questions to Consider: 1. […]
Read more
April 4, 2024
November 6, 2023
July 3, 2023
