There are two types of bonds that an estimator must understand. First, there is a bid bond also called a bid security or bid guaranty. Second, there is a performance bond. Let’s take a look at the ...

Performance bonds guarantee project completion, reducing investment risk. Investors can seek these bonds to secure against contractor failure. They provide a safety net, improving the reliability of ...

Bond insurance is a safety net that guarantees the payment of principal and interest on a bond if the issuer defaults. If the ...

The Oklahoma Supreme Court has rejected a contractor’s performance bond claim due to the lack of adequate notice to the subcontractor’s surety (see Flintco LLC v. Total Installation Management ...

"More insured bond volumes overall suggest better financial metrics for the companies themselves, plus improved liquidity for insured paper," said Matt Fabian, a partner at Municipal Market Analytics.