Drought conditions necessitate attention to the every aspect of the water system in California. State leadership is proposing a $5.1 billion response effort to improve the infrastructure for drinking water, wastewater, ground water and water recycling.
Infrastructure for Drought Mitigation
Attention to drought and the underlying issues impacting water security is especially critical in California. Leadership’s proposal, part of the state’s overall “Comeback Plan,” would commit $5.1 billion over four years. The Associated General Contractors of California have commended the proposal to invest in water infrastructure while awaiting more details about the plan.
In California—and every other state, builders are preparing to dig into the infrastructure work that’s been on hold. Don’t get left behind. Be more confident to bid then ever before with The Partnership Account® from Colonial Surety. How can you go after ambitious new projects while getting your bid, performance an payment bonds the old way? Colonial’s made it easy—and confidential—for contractors to obtain, manage and monitor all of these bonds—and more. Let’s get you armed today: contractors who complete a brief (we promise!) pre-qualification for Colonial’s surety line of credit even receive, for free, Dun & Bradstreet scores.
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Once approved for The Partnership Account® with Colonial, you’ll:
- 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.
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- Clearly see your bonding limits, and always have direct access to our underwriter if you need the excess capacity to bid on a job.
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Water Infrastructure Plans in CA?
What could the proposed $5.1 billion do for water in California? As reported by Construction Dive:
The investment, which includes $1.3 billion for drinking water and wastewater infrastructure and $200 million for water conveyance improvements to major water delivery systems, is designed to address the state’s emergency needs and build capacity to endure droughts while safeguarding water supplies.
State leadership has commented that the combined package“of bold investments will equip the state with the tools we need to tackle the drought emergency head-on while addressing longstanding water challenges and helping to secure vital and limited water supplies to sustain our state into the future….”
Lots of public building projects are getting into motion—literally everywhere around the country. For example, in Newark, New Jersey a new monorail is slated to be up and running by 2026. New materials are springing up everywhere—and just in time too. Roads and bridges? We’ll get there!
Isn’t it time you speed up with The Partnership Account® from Colonial Surety? Come on— get ready to go after lots of new projects with speed and confidence — knowing your bidding and financial information is secure.
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Colonial 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!