Surety Blog

5 10, 2020

PPP Forgiveness Approvals Could Begin Soon, SBA Says.

2020-10-05T18:54:22-04:00October 5th, 2020|

It was interesting to learn that of the 96,000 PPP loan forgiveness applications the SBA has received since August 10th, they have yet to actually approve any. It’s no wonder that contractors have become frustrated by the long wait – but it appears they may finally be getting their long awaited answers. […]

22 09, 2020

2020 ABC Expo

2020-09-22T18:03:33-04:00September 22nd, 2020|

There are a lot of unknowns in the world right now, so it was nice to have something familiar to look forward to. The Associated Builders and Contractors made the decision to still put on their annual event, one they know so many people look forward to every year. They put safety precautions […]

31 08, 2020

Understanding the General Indemnity Agreement “GIA”

2020-08-31T13:14:31-04:00August 31st, 2020|

We live in interesting times, uncertain times, anxious times. It is difficult to predict what is going to happen to surety credit over the next few COVID-19 months (years?). It is likely, however, that sureties will rely on, more than ever, the general agreement of indemnity (GIA). As with any contract, it is […]

22 05, 2020

Happy Memorial Day

2020-05-22T17:49:06-04:00May 22nd, 2020|

This weekend is about taking time to honor those who lost their lives fighting for our county. This weekend and every day Florida Surety Bonds supports our veterans and veteran owned businesses.  Thank you to our limited staff at the office for taking the time to pay tribute to our fallen heroes.

1 04, 2020

We’re Here For You!

2020-04-01T11:18:49-04:00April 1st, 2020|

• Still busy with work and need a bond? We are open and fully operational to help. Like construction, bonding is deemed an essential business and while taking everyone’s health and safety into consideration and staying in accordance with social distancing, we have taken the proper measures to stay open to serve you.

• Your current surety […]

2 03, 2020

Florida Limits Retainage on Public Projects to 5%

2020-03-02T21:26:58-05:00March 2nd, 2020|

“After a 40-0 vote, Florida lawmakers have passed a bill that will limit the amount of retainage that can be withheld from contractor payments on state and local publicly funded projects to 5%. If Florida Gov. Ron DeSantis signs the legislation, the new law will go into effect Oct. 1, 2020. Currently, […]

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