The Value of Bonding
Surety bonds provide the most comprehensive risk management tool available to protect construction projects against default and ensure contractual obligations are met. A new economic analysis conducted by leading global consulting firm EY quantifies the benefits surety bonding generates throughout the lifecycle of a portfolio of construction projects — including benefits extending beyond the financial protection surety provides when projects default. SFAA’s Surety Protects campaign aims to communicate the benefits of public sector bonding, as we inform and educate key elected officials and construction leaders about surety’s value.
Public construction projects – from schools to public infrastructure – advance the public good, support local economies and build thriving communities. Surety bonds protect these vital projects; it’s just good public policy.
Communications Toolkit
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.
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.
News & Events
SFAA and NASBP led a Legislative Fly-In with members from across the industry to educate Congress on the value of construction surety bonds and advocate for key legislative priorities. Surety professionals held over 135 meetings with policymakers and staff to emphasize the significant savings that surety bonding provides to taxpayers across the country.
The Surety & Fidelity Association of America Foundation (SFAA Foundation) has awarded a record $90,000 in scholarships to thirty-one students through its Surety and Fidelity Intern and Scholarship Program.
The Surety & Fidelity Association of America (SFAA) has announced that Alex Gleason, Head of Federal Government Affairs, has been named one of the 2025 Top Lobbyists by the National Institute for Lobbying & Ethics (NILE).