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Merchants Executives in Print

November 29, 2012

Merchants Bonding Company Executives Larry Taylor, Bill Warner Jr., Mike Foster and Therese Wielage were featured in the latest issue of Construction Executive's Annual Contractors Guide to Surety Bonding.  The issue focused on looking ahead to 2013, and the risks ahead.  Never has it been more important for contractors to work closely with their surety consultants.

 

Executive Vice President of Underwriting, MIke Foster's Executive Insights focus on subcontractor prequalification;

he writes: "The greatest risks a prime contractor faces are identifying, assessing and managing the risk of subcontractors...There is no better protection against subcontractor failure than securing subcontractor performance and payment bonds from a reputable surety. All contractors should consult with their surety professionals to put a

policy in place."


An article by Vice President of Marketing, Therese Wielage entitled "Don't Go Off the Overhead Diet Yet" is a conversation with construction industry expert Dr. Thomas Schleifer. Schliefer warns that it is his theory of the "second lag" in construction recovery that we need to worry about. During a lagging recovery where margins have not come back yet, it is tempting for contractors to go too far too fast. The number of contractor failures during a slow recovery like this one can be three times the number that failed when the economy was in decline. 

 

President Larry Taylor, and Secretary BIll Warner, Jr. are both featured in the Merchants Bonding Compnay Corporate Profile: Cheers to 80 years of Surety at Merchants Bonding Company. The profile highlights Merchants' uniqueness in the industry, our common sense underwriting and first class service. The year 2013 will be Merchants' 80th year in the surety business, and the company has fourth generation leadership in the great-grandsons of founder E.H. Warner.


Read the articles at http://www.constructionexec.com/