Altova®, the creator of XMLSpy®, MapForce®, and other leading XML, SQL, and UML tools, is the choice of over 4.8 million clients worldwide. The company is committed to providing its customers with easy-to-use tools for data management, software and application development, mobile development, and data integration. Altova has extended the reach of its XML development tools […more]
Founded in 1942, NASBP is the association of and resource for surety bond producers and allied professionals. NASBP producers specialize in providing surety bonds for construction contracts and other purposes to companies and individuals needing the assurance offered by surety bonds. NASBP producers engage in contract and commercial surety production throughout the United States, Puerto […more]
DataTracks is a leading provider of XBRL tagging services. DataTracks offers Disclourse Management Solution, a cloud-based XBRL tagging solution, that helps companies prepare their regulatory filings for the SEC. DataTracks follows ‘Minds on, Hands off’ approach by providing Assisted Service. The solution also features multiple authors to collaborate from multiple locations on a single source […more]
Construction Progress Coalition (CPC) is a 501c3 non-profit organization educating construction professionals on the benefits of open data standards and opportunities to adopt them. CPC’s mission is to improve collaboration between project delivery stakeholders through a Common Data Exchange (CDX). This supports CPC’s vision to redefine the benchmarks of construction project performance.
The 2021 XBRL WIP Taxonomy (Taxonomy) contains concepts for Contractors to prepare Work in Process reports to submit to Surety insurance companies. We encourage all interested parties to review and provide feedback.
The National Association of Surety Bond Producers (NASBP) posted a new blog, featuring XBRL US CEO Campbell Pryde on how the Small Business Administration (SBA) has modernized their process for collecting contractor data needed for the SBA Surety Guarantee Program by leveraging XBRL. Read the post. Listen to a “Let’s Get Surety” podcast about the […more]
Administrator Isabella Guzman who leads the Small Business Administration (SBA), announced changes to streamline the process for small businesses to submit Work-in-Process information used in the SBA Surety Bond Guarantee program by leveraging machine-readable data standards (XBRL). The SBA Surety Bond Guarantee program backs surety bonds for small businesses wishing to submit qualified bids in […more]
Liberty Mutual Surety not only saved time and money, but was able to redirect skilled employees to higher value work at every level when they adopted standardized XBRL data collection of corporate financial data. Historically, they had relied on manual data entry and normalization, which is the process of re-structuring as-reported data in accordance with […more]
When a project is bonded, the surety must be prepared to answer the call in the event subcontractors or vendors are not paid or project performance is not up to snuff. Data standards can ease that process for the principal, the obligee, and the surety.
Liberty Mutual Surety, a global business with bond capabilities in more than 60 countries, relies on access to timely and accurate financial statement data on public and private companies, mostly to analyze corporate financial health for bonding and to conduct benchmarking and trend analysis. The financial data is also used by the claims department when […more]