Accept Cookies?
Print Page   |   Contact Us   |   Sign In   |   Register
Search
Small & Emerging Contractors

 

Design Professionals
 

When advising an owner, it pays to know the benefits and protections a surety bond offers.

The materials below are recommended for Design Professionals:

Brochures  | PowerPoints  | Links


Brochures:


Surety Bonds - Common Misconceptions

Learn about the 11 most common misconceptions about Surety Bonds.


Surety Bonds at Work

Avoid performance and financial issues.  Learn how Surety Bonds enable projects to be completed.


Importance of Surety Bonds in Construction

Learn about the importance of surety bonds in construction.  This brochure covers historical perspective, risky business, types of bonds, financial security and construction assurance, prequalification of the contractor, contractor failure, bond rates and benefits of bonds.



Surety Companies:  What They Are & How to Find Out About Them

This updated brochure describes some resources that offer information on surety companies including surety bond producers, state insurance departments, U.S. Department of the Treasury and A.M. Best Company.


Helping Contractors Grow:  Surety Bonding for New & Emerging Contractors

Learn about fostering a relationship with a surety company, the prequalification process, programs for new & emerging contractors, bonding support programs, bond guarantee programs and mentor/training programs.


 

How to Obtain Surety Bonds

An introduction to contract surety bonding for contractors. 


SBA's Surety Bond Guarantee Program

The U.S. Small Business Administration’s (SBA) Surety Bond Guarantee Program, with cooperation from the surety industry, assists small construction companies in obtaining required bonds on federal, state, local, and commercial construction projects and on service and supply contracts and subcontracts. 


Surety Bonds vs. Bank Letters of Credit

This brochure comparing surety bonds with letters of credit makes it crystal clear why surety is the preferred method of guaranteeing an obligation or project. No charge for Members or Non-Members for up to 25 copies of this brochure.


Surety Bonds vs. Subcontractor Default Insurance

A surety bond is a comprehensive risk transfer mechanism that provides the prequalification of subcontractors; shifts the entire risk of the principal’s default from the obligee to the surety; requires the surety to manage default situations; and provides 100% payment protection to certain subcontractors and suppliers. SDI is often described and marketed as an alternative to traditional performance and payment bonds, but it is merely a traditional insurance policy and provides no payment protection for subcontractors, suppliers, and laborers.


Why Do Contractors Fail

Construction is a complicated business that faces ever-changing conditions, and those who are not prepared or capable of meeting these demands may ultimately fail.  Surety bonds provide prevention and protection.


 

AGC Surety Claims Guide

The contract surety bond claims process, developed by the Associated General Contractors of America (AGC).


Economics of Default

The Economics of a Default on a $1 million NON-bonded Project. Assumes two subcontractors and two material supply companies.


PowerPoints:

 


Surety Bonds 101: The Basics of Bonding


Why Do Contractors Fail?

 Managing the Risk of Contractor Default


Links: 

10 Things You Should Know About Surety Bonds 

Standard Bond Forms

Value of Surety Bond Producers

Questions to Ask Your Surety Underwriter & Bond Producer

Attributes of a Professional Surety Bond Producer

Miller Act

Building a Surety Relationship Resources

Electronic Filing Resources

Spotlight on Emerging Contractors

Contract Surety Bonds: Protecting Your Investment

 

1140 19th Street, NW, Suite 500 · Washington, DC 20036-6617
Phone: 202-463-0600 · Fax: 202-463-0606

Contact Us

 

Follow SFAA: TwitterFacebookLinkedInRSS FeedSFAA NewsFlash

- Legal Notices and Disclaimers -

 

Copyright © 2017 The Surety & Fidelity Association of America