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Major Types of Construction Bonds

No industry involves a greater variety of surety bonds than the construction industry. Surety bonds are required in order to bid or work on virtually all public works projects and many private construction projects, including both new construction and remodeling.

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Advice from the Experts Before Starting your Contracting Business

Congratulations!  Starting your own construction business is a fulfilling and successful career choice.  There are bound to be hurdles.  But through our many years of working with contractors, we’ve heard a few things from the best of the best.  Here is their advice of mistakes to avoid: Hiring reliable workers: Having a high turnover rate doesn’t bode well for a reputation. Although it very well may be that you’ve had bad luck in the hiring field, it could also raise a few questions. Underestimating your business startup: You probably have faith in your contracting skills. Do you have faith in the other component of a contracting business, namely the “business” portion?  Running a business is a business in and of its own!  There is payroll, overhead, buying materials in bulk, etc. Going in blind: To piggy back off the last piece of advice, not having a detailed plan for starting your business is important! Basically, invoke Murphy’s Law and think of everything that can go wrong and begin to find solutions for them.  Do you need a surety bond?  What equipment do you need?  How will you handle your employees?  What benefits will you provide? Build a good, scratch...

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