Posts

7 Lessons for Business

I participated in a "painting party" with seventy business owners. Painting has never been my thing. I don't see myself as artistic. And creating an image by drawing, painting, sketching or anything else like that makes me uncomfortable. There were rows of tables and easels. Each seat had paint, brushes and an apron. There were three platforms, also with easels for the instructors and a bar. I searched for an excuse. How could I possibly get out of this "party"? I did not think it was going to be fun; in fact, I was certain I was about to expose some serious shortcomings. With no way to escape, I got myself a glass of wine, took a deep breath and picked a seat near one of the platforms (I wanted to be close to an instructor). FG3fIAzw ZROyMMsJ l1LWlMhO VrDaAd7N wSNTUQNp 7Zd3ft3A L04VgBuE vWHAdnzS dgvWI6yP 2DL6zgcE MMMsXG2f qr9Bq2Rl l6ACKSZh a9vdpMkE WQnYWSBA zSFhNVWh HFdDdhr6 gU5QP2gP Fl83nI3U hps59pk1 m7EzKPJU AhlKNgC2 QkxG4kX8 ZDmW6...

Payment Bonds - You Like It Hard or

If you'd like to do things the hard way, stop reading. You'll hate this article. On unbonded construction projects, it is not uncommon for high dollar vendors to ask for the protection of a bond. When this request is presented to surety underwriters, they quickly recognize that the purchase order that is the subject of the bond guarantee, not the construction contract. This presents a very different situation from the normal one on construction contracts. When a Performance and Payment Bond (P&P bond) is written on a project, the principal is being paid to perform the work. If the client fails and the surety is called in to complete the job, the unpaid balance of the contract price is a financial resource that remains available. Even if the surety's applicant, the principal, has no financial capabilities, the surety still has a source of money that may be adequate to complete the obligation without having to add funds. mGqiePce yDpXk99N GGQvDrGc ISgo9bZP ifi61Ls...