Learn how performance bonds work as a contract guarantee, the roles of the parties involved, and the advantages and potential risks these financial assurances can present.

Knowing what a contract bond is helps contractors, project owners, and stakeholders understand how to secure performance and payment in construction or service agreements. These bonds are common in ...

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 ...

South Coast Surety's Express Contract program which it manages for surety partner, Philadelphia Insurance, has continued to show great success. With this surety contract bond program, hundreds of ...

Following an August 11, 2022 opinion from the Court of Appeals for the Fifth Circuit, certain irrevocable surety bonds will not be considered executory contracts in bankruptcy, even when a court ...