Home / Commercial Construction / Federal agency backs bigger bonds

Federal agency backs bigger bonds

Sean Ryan sean.ryan@dailyreporter.com The U.S. Small Business Administration will accept more risk by backing larger bonds for contractors, but the agency also will be more careful when selecting which builders to support. In an effort to encourage bonding companies to issue performance and payment bonds to small contractors, the SBA agreed to pay for claims filed against ...

Leave a Reply

Your email address will not be published. Required fields are marked *