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...
Surety Bonds 101
Parrot Surety Services' Education and News
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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...
Who are Surety Bond Producers
Surety Bond Producers specialize in providing surety bonds for contractors, subcontractors, and other surety bond users. A quality bond...
The Three C's of Surety Bonds: Character, Capacity, & Capital
Character, Capacity, and Capital are the three strata under which surety underwriters will evaluate a Principal, for surety credit....
Parrot Surety on the Hill!
Last week, Nicole Campbell and Adam Milliren of Parrot Surety Services teamed up with a colleague from CNA Surety, the SFAA, and the...
Parrot Surety Services Announces New Logo in Support of the Construction Field and St. Patrick
March 17, 2022 by Adam Milliren In Courthouse Bay, NC on March 17th of every year, U.S. Marine engineers from all around Camp Lejeune...
What is an Indemnity Agreement?
CEO Nicole Campbell tackles the subject of indemnity in this 2 min squawk.
Building Blocks of a Strong Surety Submission
This Surety Squawk will outline what documents underwriters are looking for when you are requesting a bond.
Bid Bonds Explained
A Bid Bond may be one of the first surety bonds you'll need. This Surety Squawk gives a quick overview of Bid bonds and their purpose.