Contract Surety

Dam Safety?



At least 15,600 of the country’s 91,000 dams are classified as “high-hazard” structures. If they fail, the potential for loss of life and property damage is high. Though insufficient to address all the problems—and possibilities—within our dam system, the $3 billion allocated in the Infrastructure and Jobs Act is anticipated to get some critical improvements flowing.

Safety, Efficiency, and Hydropower Too

The Association of State Dam Safety Officials has estimated the total cost of rehabilitating all of the high-hazard dams around the country at over $20 billion. Nonetheless, as Construction Dive reports, the $3 billion from the Infrastructure and Jobs Act is important.


The act addresses problematic dams in three ways: 

  • rehabilitating them for safety and efficiency.
  • retrofitting them to enhance electricity production and protect marine wildlife.
  • removing the ones that no longer provide many benefits and harm the environment.

Currently, only about 3% of U.S. dams, or 2,500, produce electricity, a key source of renewable energy. According to a 2016 report from the U.S. Department of Energys Wind and Water Power Technologies Office, the country could grow its hydropower capacity by a third by 2050 and avoid $209 billion in costs from greenhouse gas emissions damages by upgrading dams that produce power and adding that capacity to ones that don’t. The act moves towards that goal with funds to do just that.


A variety of federal agencies will oversee the surge in dam and other infrastructure funding, and are charged with administering new grants and creating new programs. Local and state government agencies, including water utilities and transportation departments, must identify and execute projects in their area. That may include hiring new people and sometimes mobilizing their own financial resources.


Thinking about what you’ll have to do to gear up and win a new contract? Remember, bid bonds, performance bonds and payment bonds have long served to advance and safeguard public building projects across the country. That doesn’t mean obtaining bonds has to be a slog through muddy waters: Colonial Surety’s here to get you flowing with the current. We underwrite construction companies based on the power of their financial statements, giving qualified builders power of attorney to issue their own bid bonds, and more. Let’s think big—and act fast—together. Complete the pre-qualification for your written surety-line of credit and The Partnership Account® services today—and receive, for free, Dun & Bradstreet scores. Pre-Qualify and Get Free Scores Here.


Over, Under, Around and Through?

With so many water projects in need of attention around the country, the federal infrastructure investment in clean drinking water and restoration of heavily polluted areas, like the Great Lakes region, is also critical. Experts see attention to our waterways as part of the solution to both failing infrastructure and climate change. Of course the bridges, tunnels, roads and rails that carry us over and under water are long overdue for attention too. The number of bridges the American Road and Transportation Builder’s Association says are in need of replacement is estimated at 79,500! The new federal infrastructure package aims to propel progress with allocations including $110 billion for roads, bridges and major infrastructure projects; $66 billion for passenger and freight rail improvements; $65 billion for broadband improvements; $65 billion to rebuild the electrical grid; $39 billion to modernize public transit; and, $25 billion for airports.


Coming Soon…

A project that your company is the perfect bidder on. Prepare ahead by qualifying for The Partnership Account® from Colonial Surety. In addition to a surety line of credit—in writing, The Partnership Account®  gives qualified construction companies an array of complementary fintech services, including:


  • Control of bidding and bonding, online and in real time.
  • Powers of attorney to seal and issue their own bid bonds—in minutes.
  • Fast, direct, confidential bid bonds—no middleman.
  • Direct access to performance and payment bonds on a customized dashboard.
  • Real time tracking of bids and work on hand.
  • Immediate access to Colonials lead underwriter as new opportunities emerge.
  • Use of a private Owners Dashboard® to view surety lines and adjust work on hand.


Learn more and pre-qualify for a Partnership Account® now!


Founded in 1930, Colonial Surety Company is a leading direct seller and writer of surety bonds and insurance products across the USA. Colonial is rated “A Excellent” by A.M. Best Company and U.S. Treasury listed.