SURETY PLANNING & PREPARATION:

2021 INFRASTRUCTURE SPENDING

The White House has recently voiced support for infrastructure spending as part of another COVID-19 economic stimulus effort. This injection of capital is expected to stimulate bonded construction projects for the foreseeable future. We are encouraging all construction clients and prospects to prepare for a significant increase in projects requiring bonding. Contractors should focus on the following areas:

  • Update financial reporting on a "percentage of completion" basis

  • Establish a relationship with a trusted broker and underwriter

  • Undergo an insurance coverage review

  • Establish and/or pay down lines of credit

Global Risk differentiates itself from surety industry norms by committing to partnership and education for our clients. We inform our clients on best practices, strategic financial positioning, and influential relationships to yield maximum bonding capacity.

CONTRACTORS: Complete the brief form below to begin preparing for the 2021 Infrastructure Spending:

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