PERFORMING BONDS.
Assessing and managing risk is crucial to the success of any construction project. Key risks faced by the project owner (the “Owner”) range from the construction contractor (the “Contractor”) not performing the contract properly or becoming insolvent during the course of the project, and therefore being unable to finish the project.
Internationally, these risks are increasingly addressed through the use of one or more surety bonds. If the Contractor fails to fulfil its obligations, either through poor performance, insolvency or for any other reason, the issuer of the surety bond (the “Surety”) will either assume the Contractor’s responsibilities or pay compensation to the Owner.
Typical problems we can help you with
“I need work but I can’t get bonds.”
“I don’t have all the right paperwork to get an SBA bond.”
“I haven’t been in business very long.”
“I have a weak financial statement.”
“I’ve paid my dues on the small jobs. I’m ready to get into larger projects.”
“My company is 8(a). I’m tired of being hired by big companies to help them get great jobs and give me as small a piece of the action as they can.”
“There are good jobs out there, but you need bonds to get them.”
“Most of the good work is for the government.”
“Private-sector work is slow.”
CONTACT US
Jonathan D. Rausch
Managing Partner
Phone. 561-584-0732
Fax: 561-829-2055
E.jonathandrausch@hotmail.com