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April 19, 2019
New Mexico’s Legal & Financial Weekly
Vol. 9.99 No. 16
FORECLOSURE SALES: 0 PROBATE: 34 AUCTIONS: 8 NOTICE OF SUITS: 5 OTHER: 62 SPANISH NOTICES: 1
Surety Bond Producers Offer Sound Advice for Construction Firms
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ommercial construction is a competitive business, and to succeed, contractors need to find the best support and advice possible.
One way for a construction contracting company to ensure access to critical relationships needed for sound business advice and for qualifying for surety credit is to partner with a professional surety bond producer, according to experts at the National Association of Surety Bond Producers (NASBP), the Bethesda, Md.-based association for surety bond producers.
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Most contractors know that surety bonds help establish their credentials, tangibly demonstrating their ability to perform through performance and payment bonds. However, they may not realize the full value of building a relationship with a bond producer.
businesses flourish. - Reflecting: Sometimes you just need someone to listen. A bond producer can give counsel and provide experienced and knowledgeable perspective to construction businesses, as well as strategic advice for how to expand and grow the business. But they also can be an ear for someone who needs to talk through challenging decisions to help avert problems before they happen.
“Bonding agents, called bond producers, guide companies through the process of achieving surety credit. Bond producers will act in many capacities - mentors, educators, advisors - with those construction firms to ensure that they mature and remain successful,” says Robert Shaw, President of Skillings Shaw & Associates in Lewiston, Maine, and President of the NASBP.
Construction businesses need to look for producers who have specialist expertise in surety bonding. “Not all insurance agents truly know the needs of construction businesses and surety; in fact, most do not,” relays Shaw. “There can be a substantial difference in knowledge and ability between an Bond producers can help contractors in a variety of ways, such as: agent who has never placed a bond or who only occasionally places a bond - Review: Full-time, experienced bond producers are familiar with contract for a client and one who specializes in surety full-time,” says Shaw. review, and can help construction businesses succeed by reviewing contracts and identifying difficult language that may place undue risk on For more information about surety bonds and the benefits of an ongoing relationship with a bond producer, visit https://www.nasbp.org/guaranteed/ these businesses, creating surety underwriting concerns. home. - Referrals: Bond producers know the key players in the coatruction environment, and they can introduce contractors to the right contacts, such as construction-oriented bankers, accountants, and attorneys, to help their -(NewsUSA)
Great Grass Ideas
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or a lawn that turns the neighbors green with envy, heed these four Want to make mowing easier and still get a beautifully groomed lawn? hints: Consider a robotic mower. Models like the Honda Miimo, powered by a high-performance lithium-ion battery, do the mowing for you. Because 1. Water well: Water your lawn early in the morning when temperatures are a dealer-installed boundary wire goes around the area to be mowed, the cool to cut down on diseases and destructive insects. mower detects the electric field and stays within it, monitoring its own charge and returning to its docking station at need. Independent 360-degree 2. Feed it: Use fertilizer that provides nitrogen, phosphorus and potassium. sensors and a floating cover detect solid contacts. And, if Miimo comes too close to a person or pet, the lawn mower stops, turns, and moves in a 3. Mulch it: Mulch prevents evaporation and weed growth, helps drainage, different direction. encourages root development and cools the soil. Learn more at www.miimo.honda.com and www.powerequipment.honda. 4. Mow wisdom: Cut the grass early in the morning or in the evening, not com/dealer-locator. during the heat of the day. Cut off no more than a third of the grass blade. -(NAPSI)