NukeWorker;9717 said:
It looks like the price of surety bonds is going up and the bonding company is doing the double take on net worth. It is kind of a Catch 22 because contractors net worths are impacted by the stock market at the same time Wall Street is getting hit by a financial crisis.It figures. I have a bid going out the beginning of next week for one of the best projects I have looked at in my career.
Same here. I just submitted a proposal and it requires twice the insurance I usually carry. It shouldn't be a problem but you never know how uneasy the underwriters will get.
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