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When general contractor clients or construction firms approach you about securing a construction bond for their upcoming projects, it’s normal for them to ask questions about what they need to do to fulfill the contract terms. One component that tends to confuse even experienced contractors is the general indemnity agreement (GIA). Before a surety issues a bond, it will require the contractor sign a GIA. The GIA ensures that the surety is made whole for any losses or expenses it […]

Whether it's a parking lot or levee, highway, or hospital, you'll usually need a surety bond to guarantee your work on a state or federal construction project. Federal contracts valued at over $150,000 require a surety bond. If you want to learn more about various types of surety bonds, this will be a helpful guide. At Gray Surety, we're committed to underwriting surety bonds that help companies grow their business in a responsible manner. We know a major part of […]