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 ‘Construction 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 22nd, 2011
NY BONDING ALTERNATIVES
Below is a list that breaks down the advantages & disadvantages for : Completion Guaranty , Letter of Credit, Sub Contractor Bonding , Sub Contractor Default Insurance, Contractor Payment & Performance Bonds. Hopefully you will find this useful. For more information contact Metropolitan Risk Advisory for a free consultation on obtaining or increasing your surety [...]
Michael Stoop Posted in Construction Bonds, Letters of Credit, Payment & Performance Bonds, Various Surety Issues No Comments » February 20th, 2011
How To Better Position Your Company Financials To Improve Your Bonding Capacity
Many NY Construction Companies , and the Accountants that advise them have overlooked a very powerful tool in securing or augmenting bonding capacity. The tool I speak of is Subordinated debt to help secure surety credit. Readers of this article will get a better understanding Subordinated debt, and how it may be a useful tool [...]
Michael Stoop Posted in Construction Bonds, Payment & Performance Bonds, Uncategorized, Various Surety Issues 1 Comment » 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 » 
