ORSC Blog

The Art of Saying No A few years ago one of my contractor clients wanted to bid a $24mm project. The project was about three times bigger than anything they had built to date, but the ...
What to Look for in a Commercial Surety Bond Form Insurance agents will occasionally write a commercial surety bond as an added service to their clients. These agents know their way around property-casualty ...
Construction Company Do’s and Dont's of Smart Contract Bidding This article originally was published by the National Association of Surety Bond Producers and is being republished with the express permission of NASBP. Placing ...
Contractor Materials Shortages and Materials Price Inflation We all know well that the availability and prices of many of the materials used by construction contractors have been affected dramatically since the start of the ...
It’s Not Just About Rates. It’s About Valuable Service In today’s world, we are surrounded by advertisements. And whatever the product is, advertising consistently drives price to hook new customers. But is that the ...
4 Things You Didn’t Know About Surety Darrel Lamb, Old Republic Surety regional vice president, wrote a great blog post a while back, “7 Things You Didn’t Know about Surety.” Darrel hit the mark with ...
Contract Bond How the Cost of a Contract Bond Is Determined What goes into determining the cost of a contract bond? Here is a basic introduction.
Translating the Top 5 Most Cringe Worthy Surety Conversations As bond managers, we always look for ways to help our agents, contractors and project owners better understand surety. It can be a pretty arcane subject, and not ...
Cambria County Association for the Blind and Handicapped Old Republic Surety Goes Beyond the Numbers to Write an $18 Million Bond Not every surety decision is strictly by the numbers. CCABH Ebensburg is the story of a dedicated owner who wanted the best construction company for the job and a ...
Do I Need to Increase My Bank Line of Credit? You’re bidding on a new project, and the surety company says you need to increase your bank line of credit. Why, you may ask, do I need so much credit when I’ve ...

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