A 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 […]
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Warning Signs that may Deter your Bond being Processed
Many 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. […]
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