SFAA created a new communications toolkit with clear messaging, compelling facts, and visual illustrations to explain the value of bonding. Use these materials to educate and inform policymakers and public construction leaders about the vital role bonding plays in public projects.
Report: The Economic Value of Surety Bonds (2022)
An EY study commissioned by SFAA found that construction projects protected by surety bonds enjoy lower rates of contractor default, lower cost of completion in the case of default and are finished faster than non-bonded projects. For the typical portfolio of construction projects, the overall value of surety bonds more than covers their cost.