Abstract: A method is described for monitoring, documenting, analyzing, and reporting the status of a project being performed by a Principal for an Obligee. The monitoring, documenting, analyzing, and reporting is communicated to a Surety, which has given a Surety bond to the Obligee. In one embodiment, the method is performed using a computing device via a communications network, such as the Internet or an Intranet. The method allows the Surety to monitor the status of the project, compares the Principal's pay applications with the Obligee's reporting of the project's status, and requests site inspections, or the coordination thereof by the entity practicing the method. The method can also alert the Surety of change orders and any premiums due to the Surety based on any change orders as well as alert the Surety of project problems and changes in the expected projection completion.