News Release
For Immediate Release
Contact: Marla McIntyre
202-686-7463; mmcintyre@sio.org
ENR PUBLISHES SPECIAL SURETY BONDING SECTION
JUNE 25, 2004, WASHINGTON, DC – The June 7, 2004 issue of
Engineering News-Record (ENR) features a special section on contract surety bonding. The Surety Information Office (SIO) interviewed surety company executives, claims personnel, and producers to develop an in-depth look at the industry and the surety claims process. Copies of the 21-page surety supplement, "Surety Bonds: Getting the Job Done," are now available in print from SIO at no cost. The supplement features articles on:
- Current state of the surety industry and the surety claims process;
- Excerpts from Associated General Contractor's An Overview of the Contract Surety Claims Process;
- Findings from a claims panel at the Construction Owners of America (COAA) Leadership Conference, on maximizing the effectiveness of performance bonds;
- The Top 10 Writers of Surety Bonds in 2003;
- Claims case studies, which illustrate how sureties handle a default; and
- Insights from top industry executives.
Free copies of the 2004 ENR Surety Supplement 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.
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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.