News Release
For Immediate Release
Contact: Marla McIntyre
202-686-7463; mmcintyre@sio.org
ABC’S CONSTRUCTION EXECUTIVE PUBLISHES SPECIAL SURETY BONDING SECTION
DECEMBER 10, 2003, WASHINGTON, DC – The November 2003 issue of Associated Builders and Contractors’ (ABC)
Construction Executive features a special section on contract surety bonding. The Surety Information Office (SIO), with the assistance of the National Association of Surety Bond Producers (NASBP) and The Surety Association of America (SAA), worked with ABC editorial staff to prepare this special section.
SIO interviewed top industry executives for their perspective on today’s contract surety marketplace. Their insights will help contractors and subcontractors adapt to and understand the current market and underwriting criteria.
Articles in this 20-page special section on contract surety bonds include:
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“Surety Bonds: What’s in Store for Contractors”;
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“Q&A: The Legal Basics of Surety Bonds”;
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“Payment Bonds: Protection for Subcontractors”;
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“The 5 Best Ways to Secure Surety Credit”;
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“Web Resources for Contractors”; and
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“Risk Plans Help Sureties Help You.”
Free copies of ABC’s November Construction Executive and any of SIO’s materials on contract surety bonds may be ordered online at
www.sio.org or by contacting SIO at 202-686-7463;
sio@sio.org. To download pdf files of the articles in the special surety bonding section, visit
www.sio.org/new.html.
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SIO was formed in 1993 to disseminate information about the benefits of contract surety bonding in private and public construction. Located in Washington, DC, SIO is supported by the National Association of Surety Bond Producers (NASBP) [surety agents and brokers] and The Surety Association of America (SAA) [surety companies]. Surety bonding is a careful, rigorous, and professional process in which surety companies prequalify contractors and then assure project owners that these contractors are capable of performing the contract and will pay certain subcontractors and suppliers associated with the project.