Bond penalties have changed. Effective May 2018, a South Carolina General Contractor surety bond is accepted in lieu of the previously required audited financial statements. The bond option listed Section 40-11-262 of South Carolina’s statutes, consists of 5 categories for General Contractors. Which group is right for you? South Carolina’s board states, “An
Calling all residential contractors, renovators, and developers! Are you in need of a subdivision, right of way, driveway, curb and gutter work, sidewalk, soil and erosion control, retention pond and/or arborist bond? We are here to help! American Surety Bonds can offer preferred, standard, non-traditional rates/underwriting, along with superior service! The best
Beginning on the 4th of July this year, the State of Arkansas will increase the threshold at which bid bonds are required on state public construction contracts. In the past, a contractor would be required to furnish a bid bond on any state construction contracts valued at $20,000 or greater, In lieu of legislation
Beginning on August 1st of this year, the State of North Dakota bond threshold for public improvement contracts increases from $100,000 to $150,000. Thanks to legislation passed on March 24th, contractors wishing to accept public improvement contracts that are greater than or equal to $150,000 in value must furnish performance and payments bonds on
Competing, Bidding, or Already Low on a Government Project? Planning on or already awarded a government project? You will need a payment and performance bond (standard form 25). Surety specialists at American Surety Bonds Agency have over 25 years experience and are here to help you get bonded quickly. If you are bidding on federal
