The days of a contractor being able to simply bid a job without solid surety bonding in New York are on their way out. The economy has burned all of us to some degree. Everyone has had to tighten their belts – from the banks lending money for projects all the way down to the [...]
Archive for the ‘Bid Bonds’ Category
February 25th, 2011
The Significant Advantage of Bid Bonds
Michael Stoop 
Posted in Bid Bonds, Construction Bonds, Payment & Performance Bonds, Uncategorized 
No Comments » February 13th, 2011
The Basics of Surety Credit
Why has the NY surety marketplace changed and have become so tight ? With significantly higher loss ratios for the surety industry in the last several years and prospects for still worse results ahead growing in large part out of the Banking Crisis, there is a move by both reinsurers and primary surety writers to [...]
Michael Stoop Posted in Bid Bonds, Construction Bonds, Payment & Performance Bonds, Various Surety Issues 1 Comment » 
