Contract Suretyship: From Principles to Practice - Hardcover

Lewis, Richard C.

Hardcover

ISBN 10: 0471371351 ISBN 13: 9780471371359

Publisher: John Wiley & Sons Inc, 2000

Synopsis

Guides you step-by-step through the confusing world of surety bonding
Obtaining performance bonds can be a long, arduous, frustrating process, fraught with obscure legalese and endless hoops for contractors to jump through. Contractors need all the help they can get in making sense of and navigating the confusing world of surety bonding. Unfortunately, most books on the subject are written for lawyers and provide little or no practical guidance for contractors. Written by a suretyship expert with more than three decades of experience working with contractors, this book fills that gap in the literature.

In plain English, author Richard C. Lewis brings surety bonding down to earth for contractors. Covering all types of contracts and all forms of bonds, he walks you step-by-step through the entire bonding process. He introduces you to the various players involved and explains who is responsible for what. He carefully explains the rationale behind each step, the issues involved, when it is required, and how best to prepare for it. And, with the help of fascinating real-life case studies, Lewis describes common mistakes that can blow a deal and tells you how to avoid them. He also provides invaluable insights into underwriter psychology and shows you how to work with surety company representatives to resolve any spoken or unspoken objections they may have to providing you with the surety you need.

Contract Suretyship is an indispensable tool of the trade for construction and contracting firm owners and managers.

About this title

About the Author

RICHARD C. LEWIS is one of the most respected names in the surety area of the insurance community, with over 40 years of experience as a practitioner in the fields of commercial bank and surety credit. For 27 years he served in top management positions for both Maryland Casualty Company and Fidelity and Deposit Company of Maryland in New York City, Washington, D.C., and Atlanta, Georgia.

From the Back Cover

Guides you step-by-step through the confusing world of surety bonding
Obtaining performance bonds can be a long, arduous, frustrating process, fraught with obscure legalese and endless hoops for contractors to jump through. Contractors need all the help they can get in making sense of and navigating the confusing world of surety bonding. Unfortunately, most books on the subject are written for lawyers and provide little or no practical guidance for contractors. Written by a suretyship expert with more than three decades of experience working with contractors, this book fills that gap in the literature.

In plain English, author Richard C. Lewis brings surety bonding down to earth for contractors. Covering all types of contracts and all forms of bonds, he walks you step-by-step through the entire bonding process. He introduces you to the various players involved and explains who is responsible for what. He carefully explains the rationale behind each step, the issues involved, when it is required, and how best to prepare for it. And, with the help of fascinating real-life case studies, Lewis describes common mistakes that can blow a deal and tells you how to avoid them. He also provides invaluable insights into underwriter psychology and shows you how to work with surety company representatives to resolve any spoken or unspoken objections they may have to providing you with the surety you need.

Contract Suretyship is an indispensable tool of the trade for construction and contracting firm owners and managers.

Edition details

• Publisher: John Wiley & Sons Inc
• Publication date: 2000
• Language: English
• ISBN 10: 0471371351
• ISBN 13: 9780471371359
• Binding: Hardcover
• Edition number: 1
• Number of pages: 224