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.
IFIC is the largest privately owned surety company in the industry. Today, we operate out of 20 regional locations throughout the United States. Our major lines of business include: Contract, Commercial, Subdivision, Specialty, and Bail. Through close partnerships with our network of independent agents, our regional offices have the resources to make quick and informed […more]
The XBRL US Surety Working Group has developed the initial release of the Contractor Financials Taxonomy, which contains data standards to capture income statement and balance sheet information about contractors. The taxonomy was created by starting with an initial set of data standards contributed by Crowe LLP, a public accounting, consulting, and technology firm. The […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.
The gruesome (and grueling) days of painful re-keying of data may be coming to an end. Could data standards be the magic bullet? The National Association of Surety Bond Producers (NASBP) has been touting the value of financial data standards for several years now. Why data standards? Because they are a proven tool to eliminate […more]
The Work-in-Process (WIP) report and other financials can be delivered in useable form directly from contractor to surety eliminating manual rekeying of data, improving timeliness and access to credit for contractors. Financial data standards can automate the process. Join this webinar to view demonstrations for creating and consuming XBRL-formatted WIP reports.
Standards have been used to successfully automate the collection of data for surety underwriting which historically has been a highly manual process. XBRL was used to enable the consistent and accurate consumption of financial data from contractors into a surety’s financial database, helping to streamline contractor access to credit and increase underwriting efficiency.
Notice Authorized Uses of this Document Copyright © 2019 XBRL US, Inc. All Rights Reserved The Contractor Taxonomy may be used by the public, royalty-free and may be incorporated without change in other works that comment on, explain, or assist in the use or implementation of the XBRL US Contractor Taxonomy. To that end, this […more]