A bid bond guarantees a bidder’s commitment to a project, ensuring financial assurance to the project owner. Learn how they work and compare with performance bonds.

Community construction affects more than the company performing the work. Renovated public buildings, upgraded roads, ...

Construction bonds are vital tools in the construction industry. A construction bond is an instrument arising out of suretyship law. A project owner may require a contractor to obtain one or more ...

The contents of this article are based on insights shared in the Fall 2025 issue of Highway Builder, the official publication of the Associated Pennsylvania Constructors (APC). In Pennsylvania, surety ...

Companies that are primarily operating in sectors such as construction, infrastructure, government contracting and international trades are often asked to provide several types of bank guarantees to ...

A Safeco Corp. unit has prevailed in long-running litigation with a construction company over dismissal of the policyholder’s bad faith claims in connection with the insurer’s issuance of three surety ...

Construction projects today are growing in complexity as labor shortages, supply chain issues, and rising costs persist. As a result of unpredictable risk exposures like these, surety bonds continue ...

This article is part of a sponsored series by Old Republic Surety. Early in my underwriting career, it wasn’t unusual to meet a company owner who had recently climbed down from a ladder or the seat of ...