The Parrot Team: A Month in Review
Brianna Stephenson went to the 1st quarter Florida Surety Association meeting last month in St. Augustine. She met with many acquainted...
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Contractor Frequently Asked Questions: Part 3
What factors are taken into consideration when trying to obtain a bond program? Capital Character Capacity What is a general indemnity...
A Parrot's Eye View of the United States 🦜
At Parrot Surety Services we assist principals in obtaining bonding for infrastructure across the United States from the reclamation of...
How to Get Your First Surety Bond or Bond Program as a New or Emerging SDVOSB
Why Bonds are Required and What They Do The Miller Act requires federal jobs of $150,000 or more to be financially guaranteed using a...
The Story Behind the Reclamation Parrot!
As the premier agent for sand and gravel reclamation and as a 2023 Bronze Sponsor of the National Stone Sand and Gravel Association, this...
The Parrot Team: A Month in Review
Brianna Stephenson teamed up with 11 National Association of Women in Construction Greater Orlando chapter ladies to volunteer at Second...
Contractor Frequently Asked Questions: Part 2Â
Can I get a blanket bond for all my bonding needs? No. Each bond is tied to a specific contract or obligation; therefore, each...
Contractor Frequently Asked QuestionsÂ
1. What is a surety bond? a. A surety bond is a three-party agreement between an obligee (owner), principal (contractor), and surety....
Bid Bonds: What are they? Who do they protect?
Bid bonds provide a guarantee to the project owner that the company submitting the bid will enter the contract at the proposed dollar...
Determining Surety Program Size
A surety program consists of a single and aggregate limit of bonding capacity that a principal qualifies for based upon their character,...
Decommissioning Bonds: What are they? Who do they protect?
Often required by a landowner, municipality, state, or federal government decommissioning bonds guarantee the removal of equipment such...
The Story Behind the Parrot!
"Why the Parrot?" is perhaps the most frequently asked question we've received during our first year in business. Parrot Surety Services...
EPC Bonds, what are they?
Engineering, Procurement, and Construction (EPC) contractors undertake complex infrastructure projects and are responsible for...
Performance Bonds: What are they? Who do they protect?
A performance bond is often known as a contract bond in the construction industry. Performance bonds provide an obligee reassurance that...
Parrot Team Goes to Nashville!
October 17th-19th the Parrot team met in Nashville for the first annual team meeting. Nicole and Adam are in Nashville whereas Haley...
Bank Reference Letters - What Sureties Want To See
A bank reference letter is often required by a surety and is a letter from the principal’s bank or lender. The form exhibits account...
Payment Bonds: What are they? Who do they protect?
Payment bonds guarantee payment to subcontractors and suppliers for labor and materials provided. Payment bonds are required on public...
Income Recognition Methods for Contractors: Which one should you be using?
There are four income recognition methods for contractors that consist of: Percentage of Completion Method Cash Method Accrual Method...
Funds Control: A Beneficial Tool for Contractors
Funds control is a beneficial tool that aids recently developed and emerging contractors or contractors having financial difficulties....
Women are Smashing the Construction Industry's Concrete Ceiling
As the Baby Boomer generation retires, it is opening the door for women to lead the construction industry. Women now make up 14.1% of the...
Surety Squawks: Blog2
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