
Seeking surety bonding is no walk in the park. In today’s shifting environment, contractors face evolving requirements, changing project types and sizes, rising costs and new underwriting expectations. Contractors pursuing surety support may encounter tighter scrutiny as they grow. At the same time, underwriters are looking for organizations, practices, track records and leadership teams that check—and will continue to check—a number of critical boxes.
A range of surety underwriters recently weighed in on what they are seeking in contractors as the industry moves into its next phase.
Reprinted courtesy of Scott Berman, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.