Unanticipated Benefits of Bonds to Contractors

摘要

Some obvious benefits a contractor will gain from having surety support include the ability to secure a specific contract under which the terms require a bond.Having the ability to provide bonds also opens a larger market compared to pursuing only projects for which bonds are not required. The credentials of a contractor are enhanced by the attestation of having surety support. Even though a bond may not be required for a specific project, the ability to provide a bond may be a deciding factor in a close race.