FLU Tip Nov 2025 – Public Work Bonding

“For Public Work Bonding, Government Experience Matters: First-time government contractors face a learning curve that financials don’t capture. Federal progress payments, 30-45 day payment cycles post-approval, certified payroll, and retainage structures differ dramatically from private work. Even financially strong contractors struggle with government administrative requirements. A contractor’s first public project should be conservative—not at their capacity ceiling. Bond underwriters should monitor closely and help contractors grow strategically.”

– Surety Place FRONT LINE UNDERWRITER (FLU) Tip of the Month