Author: doingbus - page 4

Construction Bonds vs. Insurance (and Letters of Credit): What Contractors Need to Know

In the construction industry, risk is part of every project. From fires and theft to contractors failing to deliver on their commitments, unexpected challenges can threaten budgets, timelines, and relationships. To manage these risks, project owners and contractors often turn to two tools: insurance and surety bonds. While they may sound similar, they serve very..

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