Modelling firm tackles surety bond woes

New angles

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Atlanta-based credit risk start-up Transparent Solutions will launch a new quantitative model this month that it says will help end the suffering of the US surety bond industry, which insures the risk that construction contractors will delay or fail to perform on projects. The industry has suffered enormous losses in recent years from under-pricing risk.

Surety bonds are required of general contractors and subcontractors to qualify their bids for all state and federal public construction

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