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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 ...

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.

Retainage is commonly used in construction to withhold funds until project completion. Unfortunately for some contractors, this means their payment for the project may get delayed for years until the ...