Updates

Posted Wednesday, September 21, 2022

Faster, Easier Process for Contractors (& their Bond Agents) with SBA Surety Guarantees

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]

Posted Wednesday, August 24, 2022

SBA Adopts XBRL for Surety Bond Guarantee Programs for Small Businesses

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]

Posted Tuesday, May 11, 2021

2021 Surety Work in Process Taxonomy

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.

Posted Thursday, June 20, 2019

Standards to improve surety bond claims processing

David Hartman, Director, Analytics, IFIC Surety, and Michelle Savage, VP Communication, XBRL US

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.

Posted Thursday, April 11, 2019

Contractor Financials Taxonomy, Demonstration Release

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]

Posted Thursday, April 11, 2019

Contractor Financials Taxonomy Legal Notice

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]

Posted Monday, February 25, 2019

Spreadsheet Converter

This tool will allow you to convert an Excel spreadsheet into an XBRL instance document, and is consistent with the WIP template format used by the Small Business Administration (SBA)  for the SBA Surety Guarantee Program (Read the SBA Notice to Prior Approval Surety Partners and the SBA Announcement). The NASBP WIP Spreadsheet is part of […more]

Posted Wednesday, October 31, 2018

NASBP Pipeline Article: Is Manual Data Entry Dead?

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]

Posted Saturday, March 31, 2018

Orange Button Taxonomy

This Taxonomy was developed as part of the U.S. Department of Energy Solar Energy Technologies Office-funded Orange Button SM program, that aims to make it easier to aggregate and share solar data, facilitating more efficient and cost-effective financing of distributed energy projects. SunSpec Alliance heads the Orange Button project team that is tasked with establishing […more]

Posted Monday, February 12, 2018

Orange Button Solar Finance Standards, Final Public Review Launched

Investors, solar developers, software providers encouraged to participate SAN FRANCISCO–(BUSINESS WIRE)–SunSpec Alliance and XBRL US announced today the start of a second 30-day public review period for the Orange Buttonsm data standards for solar financing. The digital dictionary of terms, called a taxonomy, was developed through Orange Button which is a U.S. Department of Energy Solar Energy Technologies […more]