Abstract: A decision model for contractor prequalification has been developed to aid construction owners and architects/engineers in the decision process associated with the prequalification of contractors. Construction professionals ...

Abstract: Insurance can be described as a financial‐risk‐transfer mechanism. However, concern among owners, contractors, and design professionals grows as costs increase and the acquisition of adequate coverage remains difficult. ...

Abstract: The surety industry and its procedures are unfamiliar to many project owners, design professionals, and contractors. This lack of knowledge often leads to misunderstandings and disputes. This paper outlines significant ...

Abstract: The surety industry and its underwriting procedures are unfamiliar to many project owners, design professionals, and contractors. Additionally, the contract bond underwriting process is becoming more sophisticated in the ...

Abstract: The surety bonding process can be very frustrating for the construction contractor. However, if the contractor has a solid understanding of the process and knows what the surety requires, the frustration level may be ...