4 Factors Underwriters Consider When Issuing a Construction Bond
Levelset
AUGUST 16, 2022
The surety is also likely to explore a contractor’s payment history on past projects — an inability to make on-time payments to subcontractors and suppliers can increase the risk of mechanics liens or bond claims. . One way to reduce the risk is to require subcontractors to purchase a bond to reduce your liability for non-performance.
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