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 Unites on Capitol Hill to Advocate for Key Legislative Priorities
See Senators Capito, Carper and Van Hollen speak on the Senate floor about the importance of surety.
The Surety & Fidelity Association of America Foundation Awards 19 Students With $47,500 in Scholarships
SFAA Foundation announces 19 students selected as recipients of a $2,500 scholarship as part of the Surety and Fidelity Intern and Scholarship Program for 2023.
News & Events
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).
The Surety & Fidelity Association of America (SFAA), a nonprofit, nonpartisan trade association representing all segments of the surety and fidelity industry, held its 117th Annual Meeting this past week, an event focused on advancing the industry’s future.
The Surety & Fidelity Association of America (SFAA), a nonprofit, nonpartisan trade association representing all segments of the surety and fidelity industry, held its 117th Annual Meeting this past week, an event focused on advancing the industry’s future.