Proving Bonding’s Economic Value
The SFAA recently commissioned global consulting firm EY to conduct a comprehensive examination assessing the economic value of surety bonds. EY 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.
Communicating Bonding’s Value
To help communicate the value of bonding, SFAA created a new communications toolkit that provides clear messaging, compelling facts, and visual illustrations. Use these to educate and inform policymakers and public construction leaders about the vital role bonding plays in public projects.
Surety Protects
Learn how surety
bonds protect taxpayers,
save time,
reduce costs and
keep projects on track.
Surety Industry Advances Critical Federal Policy
SFAA and NASBO hosted their most successful Federal Legislative Fly-in to date, bringing a record number of surety professionals from across the country to Capitol Hill to engage lawmakers on the value of surety bonding.
The Surety & Fidelity Association of America Foundation Awards Record $90,000 in Scholarships
The SFAA Foundation a 501(c)(3) organization dedicated to expanding the pipeline of qualified applicants within the surety and fidelity industry, has awarded a record $90,000 in scholarships to thirty-one students through its Surety and Fidelity Intern and Scholarship Program.