Blog
Steve Waller Joins the CBI Team
Constructors Bonding, Inc. (CBI) is pleased to announce that Steve Waller has joined the firm as Operations Manager. Steve served in the US Navy in the Nuclear Engineering field for 6 years onboard the USS Arkansas before transitioning to the civilian work force....
Constructors Bonding Welcomes Ray Klucznik
Constructors Bonding, Inc. is pleased to announce that Ray Klucznik has joined the firm as Vice President, Surety. He has over 13 years of experience in leadership and underwriting roles with Travelers, Merchants Bonding Company, and IAT Surety spanning the Arizona,...
Wildfires, Construction, and Bonding by Dave McKee
We all share the distress of watching parts of Los Angeles engulfed in flames. This is a massive tragedy that will change lives for years to come. Our prayers are with all involved. Many are already pointing fingers of blame but that is not the point of this article....
The Growing Number of Contractors Entering the Market by Brandon McKee
Due to Constructors Bonding, Inc.’s unique position in the marketplace, we have noticed a trend that is benefiting the surety and construction industry. After CBI’s record year in 2023, we went back to look at some numbers related to new contractors entering the...
The Fourth “C” by George Frieh
The bedrock of surety underwriting has always been the three “C’s”. Character, Capital, and Capacity. We believe there should be a fourth “C”…..Construction. Emphasis has always been placed on the “C” known as capital. The financial ability to successfully...
Understanding the Nevada Residential Improvement Bond: A Comprehensive Guide
In Nevada, residential improvement projects are subject to regulations aimed at protecting homeowners and ensuring that contractors fulfill their obligations. One crucial aspect of this regulatory framework is the Nevada Residential Improvement Bond. This article...
Emerging Trends in Recent Surety Bond Claims: A Comprehensive Analysis
Surety bonds play a crucial role in various industries, ensuring that contractual obligations are fulfilled and providing financial security in case of default. Recent years have witnessed a dynamic landscape in surety bond claims, influenced by economic shifts,...
Old Company/New Company Ownership Transitions by Joe Clarken
Given the recent trends in ownership transition of construction companies from one generation of owners to the next being dominated by private equity sales and ESOPs, many companies who rely heavily on bond support are often still best served by using a much more...
Understanding Release of Lien Bonds in Arizona by Joe Clarken
When it comes to construction projects, one common issue that often arises is the placing of a lien on a property. A lien is a legal claim placed on a property by a contractor or subcontractor who has not been paid for work performed. In Arizona, there are specific...
