Placing concrete requires specialized skills and equipment. The licensing requirements for concrete contractors vary from state to state. In some states, concrete contractors need a specific license ...

Surety bonds are a means for independent contractors and small businesses to guarantee their performance under a contract. Surety bonds financially compensate the client if the contractor does not ...

But according to the suit, Oakmont sidestepped the safeguard. Frankenmuth alleges the contractor received at least $1,084,289 ...

Surety capacity was increasing at the start of 2012, says Marsh Inc., the big brokerage. Driven by new and expanded surety underwriting firms, new underwriting approaches and increased limits from ...

Performance bonds, common in industries like construction and real estate development, are issued to ensure the completion of a large project. A performance bond is a financial instrument that helps ...

Over the last 10 years, Ocean Construction in Marmora has worked on more than 100 federal construction jobs. Its specialty is National Historic Landmarks — things like roofing at Washington’s ...

Contractors who wish to operate in California need to go through a licensing procedure with the Contractors’ State License Board. This process entails providing a $15,000 surety bond. A recent ...

A surety is suing a Louisiana school board for $890,270 over an arts-center project on which the prime contractor defaulted. Surety bonds are three-way agreements, and litigation between sureties and ...