Looking back — and ahead — at bonding
Abstract: Whether general contractor or sub, most construction company owners likely spend a considerable amount of time every year thinking about bonding. The surety industry has learned some tough lessons in recent years, which should explain the tightening of underwriting standards and tougher project analysis. And, in light of the recent recession, the bonding horizon may seem dim. But sureties are much better equipped to deal with economic uncertainties now than they were earlier in the decade, so bonding should be available.