In India's rapidly growing construction and infrastructure landscape, securing contractual obligations is paramount.

Enter the surety bond: a modern financial tool that is emerging as the perfect replacement for bank guarantees, particularly in the construction sector and for Engineering, Procurement ...

This is why surety bonds are put in place, to secure the successful outcome of a project. Almost all public construction projects, as well as a number of private construction projects, are backed ...

A surety bond is a sort of promise that a company will follow through with its work as expected, with serious financial ...

India's budget has allocated ₹11.11 lakh crore for infrastructure development, focusing on industrial parks, housing, water ...

Lowering the cost of required surety bonds can help construction subcontractors reduce the monetary burdens - here are seven tips to help reduce those costs Mar 8, 2018 Running a business as a ...

which terminated Davila and made a claim under its performance bond. Both Davila Construction and a related partnership that indemnified the surety, ATC-Davila, "defaulted on several of the ...

Surety bonds are one protection that small businesses might consider, and in many cases, the businesses may be required to purchase them. This is especially true in industries like construction or ...

“In alignment with these reforms and performance, our Surety Bond Guarantee Program had ... them with other important business partners like construction attorneys and CPAs.

A couple of years ago, a California court rendered an opinion that a surety is liable for attorney’s fees and costs even if the amount exceeds ...