Most people do not think of a CPA, or certified public accountant, as a person who needs construction expertise. If you are a contractor or client, however, you will soon find out why your CPA needs to be specialized in construction. A CPA who understands construction is often the contractor and cli...
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What is Bonding Capacity?
Whether you are a client or contractor, you might find bonding capacity confusing. If so, you are not alone. Many people are confused regarding what bonding capacity is and when, if or why they need it. If this describes you, let our quick and easy primer demystify the bonding capacity process for y...
California Little Miller Act
If you want to be a successful contractor in the United States, you’re going to have to deal with surety bonds. The bonding process can get pretty confusing which is why it helps to do a little research before you buy. One of the most common things you’ll run into when researching surety bonds i...
Washington, DC, Little Miller Act
When you bid on a government project in our nation’s capital, there are certain kinds of bonds that you will be required to provide and post. These bonds are those that fall under the District of Columbia’s Little Miller Act. Based on the Federal Miller Act, almost every state has a Little Mille...
Key Components in Determining How Much Does a Contractor Bond Cost
Contractor bonds are essential in the construction industry as they bind the construction company, the company’s client and the surety together. They are essential for keeping everyone accountable for the agreed upon project. You’ll be hard pressed to find a project that doesn’t require a cont...
Key Differences in the Bid Bond vs Performance Bond Question
Two of the most important kind of surety bonds for any construction project are bid bonds and performance bonds. While both can be important, there are some major differences in the bid bond vs performance bond question. If you want success in your next contract, you need to know the differences. Th...
What is Bid Bond and Performance Bond and Why They Matter
The two primary types of surety bonds used for construction projects are bid bonds and performance bonds. While both can be essential to your project, it’s important to know the difference between them and why they matter. Before you sign on for any surety bond, you need to make sure you have the ...
Arkansas Little Miller Act
Contracting businesses of just about every size have to deal with the surety bonding process at some point in time. When you start the process it can seem frustrating and confusing at first, as you run up against unfamiliar statutes and terms like “Little Miller Act.” While it’s important that...
Key Differences in the Performance vs. the Payment Bond Question
Performance bonds and payment bonds are two of the most common and important surety bonds you’ll deal with on a regular basis in your construction or contracting business. They provide not just peace of mind and a good reputation for you, but vital coverage should something go wrong on the job and...
Performance vs. Payment Bonds: Why the Difference Matters
As you set out to get your company bonded for your next project, it’s important to understand the different kinds of bonds you’ll face. Two of the most important are performance bonds and payment bonds. While both are likely required for government projects under your state’s Little Miller Act...