Construction Success Story – Surety bond scam uncovered in the nick of time

Description

Abstract: This issue’s “Construction Success Story” examines the case of a local contractor moving into larger, municipal projects that required obtaining a surety bond. When he received an unsolicited offer, he decided to take it to his lawyer and financial advisor. This article shows that it was a wise move: What his experts learned about the surety owner led to the contractor tossing the offer into the shredder.