Market Expertise

Jack Lockton founded his company as a construction and surety brokerage 46 years ago. Today, Lockton Surety is one of the largest surety brokers in the world, representing more than 1,800 clients across all industries, including ENR Top Contractors and Design Firms, as well as Fortune 500 companies.

You benefit from Lockton’s surety market expertise:

  • Analytical tools designed to support surety communication and negotiations
  • Peer company financial and surety benchmarking capabilities
  • Individually tailored service, invoicing, and reporting plans
  • Proprietary subcontractor/supplier risk management technologies
  • Consultation on acquisitions, ownership transitions, and best practices
  • Administrative services supported by technology and automation
  • International surety placement, consultation, and market research

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Lockton Service Structure

Lockton Surety operates as a service center, not a profit center. Our group is driven by client satisfaction and retention. Accordingly, our focus is consistently guided by the continual addition and improvement of the services we offer to help make your business better.

Subcontractor Risk Management

Lockton’s surety team has developed two proprietary systems to help our clients identify, manage, and mitigate subcontractor risk.

Lockton S.C.O.R.E.

The Lockton Subcontractor Cost-of-Risk Engineering (S.C.O.R.E.) System is the next level of consultative support for the subcontractor prequalification management process.

The web-based system goes beyond simply gathering and managing information. You are able to leverage Lockton’s knowledge and expertise to generate simple ratings (0-5) on the financial stability, safety record, and performance history of your subcontractors.

Lockton even takes care of the time-consuming communication with subcontractors to populate their profile and keep it updated.

Lockton PayLock

Lockton’s PayLock system was designed to spot the leading indicators of subcontractor payment issues. Organized by individual project, the PayLock system collects invoice information and electronically signed lien waivers, while verifying that subcontractors are paying their subcontractors and suppliers through direct confirmations from each party over a web-based platform.

This system allows Lockton’s clients to effectively collect invoices and partial/final lien waivers from all levels of the project payment chain, while withholding payment from the subcontractors that aren’t in compliance.

Discover more Insights & Publications  |  Read more in the Lockton Newsroom  |  See our Client Stories
Discover more Insights & Publications
Read more in the Lockton Newsroom
See our Client Stories

Surety Documents