What Are Surety Bonds in Construction? How Construction Bonding Really Works with Gary Eastman

If you’ve ever seen “licensed and bonded” on a contractor’s truck but didn’t really know what that meant this episode is for you.In this episode of Construction Champions, host Ron Nussbaum talks with Gary Eastman, attorney and founder of Swiftbonds.com, about the truth behind surety bonds, what they are, how they work, and why more private and residential projects are starting to require them.Gary breaks down everything contractors need to know about bonding, including:What a surety bond actually is (and how it protects all parties)The difference between performance and payment bondsHow much bonds cost (and who pays for them)Why surety bonding is moving from government to private sector projectsHow contractors can get approved for their first bondCommon myths about bonding that hold builders backWhether you’re in commercial, residential, or public work, this episode will make you more informed than 90% of contractors in the field.Learn more at https://swiftbonds.com/or connect with Gary on LinkedIn https://www.linkedin.com/in/gary-eastman-6284323/Listen on Wreaths Across America RadioMondays at 2pm ET and Saturdays at 8pm EThttps://www.wreathsacrossamerica.org/Newsroom/WreathsAcrossAmericaRadioFREE Skool group!https://www.skool.com/mission-elite-ops-5659/about?ref=1a55bdb77dba443485258ad567edbb23ConnectRonhttps://www.linkedin.com/in/ron-nussbaumhttps://www.ron-nussbaum.com/BuilderComs: The Client Communication Hub for Constructionhttps://www.buildercoms.com/ Website https://www.constructionchampionspodcast.com/