Top 3 Surety Bond Misconceptions

Posted on: June 4, 2015 by Goodrich & Watson

Earlier this year, we discussed the basics of Virginia Construction¬†Surety Bonds, and how they are essential to the success of the project and peace of mind for project owners. Providing a solution that guarantees the project will be completed according to time frame and specifications while protecting the project owner from a potentially huge financial […] Read More

What are Virginia Construction Surety Bonds?

Posted on: March 9, 2015 by Goodrich & Watson

If you are new to the construction industry, you might be a little confused about surety bonds. Are they insurance? Are they licensing fees? And why do you have to obtain them in order to secure larger projects? Understanding surety bonds take time, but working with local Virginia Insurance companies to assess your surety needs […] Read More

What are the Common Types of VA Surety Bonds?

Posted on: August 21, 2014 by Goodrich & Watson

What are the Common Types of VA Surety Bonds? Most contractors understand that in order to succeed in the commercial construction industry they need to be bonded, but how many contractors fully understand what bonding means? Being bonded simply means that a contractor has attained a set amount of financial security to protect not the […] Read More