Underwriting is tightening, and for good reason: major claims plus deteriorating client financials mean sureties are more cautious. In today’s market, proactivity in risk mitigation is key. Labor shortages and material bottlenecks aren’t just headlines—they’re real threats to fixed-price contracts. If costs jump mid-project, defaults can follow. Stay agile and factor in potential supply chain disruptions.

Gary Swiftbonds picture