Archive for the ‘Payment & Performance Bonds’ Category

The Significant Advantage of Bid Bonds

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 [...]

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 [...]

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 [...]

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 [...]