Quick question: What do Kalispell, Montana and Mascoutah, Illinois have in common? Airport expansion! It’s underway in New York City, Denver, LA, Charlotte, San Diego, Dallas, Austin and Orlando, too. Head’s up—bids are flying.
Space, Convenience, Modernization
These are the requirements that top the lists of airport construction projects taking off across the country. As travel experiences are reimagined, airports are expanding—both to accommodate more passengers, more easily—and to ensure passengers and workers have plenty of space to amble about or line up without piling up. Security check points, entrance and arrival halls and concession areas are all on the expansion boards. So are the addition of more gates. More accommodations for travelers with disabilities? Yes. Areas for service animals? Yes. More recreation space? That too—though what it means is still, well, up in the air.
Construction Dive confirms that at least 10 major airports are already getting plans underway, greenlighting and even expanding on stalled efforts and ambitiously activating capital funds, revenue reserves and Federal Aviation Administration grants, as well as tapping city and state funding streams to get the building going. For example, The Austin-Bergstrom International Airport in Austin, Texas, has a 2040 Master Plan to accommodate the region’s continuous growth projections. The city is soliciting bids this summer for a portion of the construction effort, estimated at $325 million over the next three years. Meanwhile, having had a 40% increase in tourism since 2012, the Glacier Park International Airport in Kalispell, Montana will triple in size, having green-lit a $100 million expansion effort.
Across the country, constructors looking for lift off are coming to Colonial Surety for our surety line of credit and complimentary owners dashboard services. We make it easier—and more confidential than ever—to obtain, manage and monitor needed bid, performance and payment bonds. Leverage financial intelligence and go after new opportunities with The Partnership Account® behind you. Contractors who complete a short pre-qualifying application receive—at no cost—Dun & Bradstreet scores. Apply and Receive Free Scores HERE Now.
Once approved for The Partnership Account® with Colonial, you’ll be more ready then ever to compete and win as you:
- Use your private Owner’s Dashboard® for a personal window into your underwriting profile. Review the statistical analysis of your financial statements and free Dun and Bradstreet scores, profitability, and more.
- Access a powerful online surety management system to issue bid bonds, order performance, and payment bonds, update work in progress, check your current and aggregate limits, view open and closed bid and performance bonds, and more.
- Clearly see your bonding limits, and always have direct access to our underwriter if you need the excess capacity to bid on a job.
- Protect the confidentiality of your bids—after all, no one’s in the middle when you do it yourself, right?
Take Off Today: The Partnership Account®
Flying to New York? The New York Port Authority and JFK Millennium Partners have committed to a $3.9 billion, new terminal at JFK. Featuring 10 new gates and 100,000 square feet of new dining and recreation spaces, construction is slated for completion by 2025. San Diego International is also adding a $2.2 billion terminal and a massive list of renovation projects got underway at Los Angeles International Airport in July—part of a $14.5 billion capital improvement effort. The sounds of construction are also in the air at the Charlotte Douglas International Airport, which projects continued passenger growth in the region and has developed a $3.1 billion capital plan to fuel expansion through 2035.
If you’d like more speed, good news— more trains are coming our way too. Hop aboard the action anywhere in the country with The Partnership Account® from Colonial Surety Company. Then, you can zip into lots more new projects with speed and confidence. Get Moving with The Partnership Account®.
Colonial Surety is built on reliability, affordability and dependability. Founded in 1930, we have proven long-term financial stability; we’re licensed in every single state in the U.S.; we are listed by the U.S. Treasury as an approved surety; and we’re rated “A” Excellent by A.M. Best – an accolade of which we are extremely proud. Let’s Partner!