Both surety bonds and letters of credit are used as a risk management tool on construction and development projects. For this reason, Goldleaf Surety is often asked surety bond or letter of credit – what’s the difference. In September and October of 2015, Goldleaf Surety did a series of blog post comparing surety bonds and letters of credit in detail. (Surety Bonds and Bank Letters of Credit Comparisons, Part 1; Surety Bonds and Bank Letters of Credit Comparisons, Part 2; Surety Bonds and … [Read more...]
Archives for September 2020
Happy Labor Day!
Labor Day is considered the unofficial end of summer. The last long weekend to spend time with friends and family. Like other holidays, the real reason we celebrate the holiday can be overlooked. So, why do we celebrate Labor Day? It is a day set aside to celebrate the contributions and dedication of the 122 million men and women who are in the United States workforce. The first Labor Day in the U.S. was celebrated on Tuesday, September 5, 1882. It was held in New York City and planned … [Read more...]