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What Are Surety Bonds in Construction? How Construction Bonding Really Works with Gary Eastman
If you’ve ever seen “licensed and bonded” on a contractor’s truck but didn’t really know what that meant this episode is for you.
In this episode of Construction Champions, host Ron Nussbaum talks with Gary Eastman, attorney and founder of Swiftbonds.com, about the truth behind surety bonds, what they are, how they work, and why more private and residential projects are starting to require them.
Gary breaks down everything contractors need to know about bonding, including:
What a surety bond actually is (and how it protects all parties)
The difference between performance and payment bonds
How…
The skinny
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