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Money from the Infrastructure Investment and Jobs Act is headed to states. There are a number of resources to help contractors follow the money and compete, and whether you are going after a big win, or simply looking to catch some of the action as it flows out to subs, it’s always best to know where the money’s headed.


$60 Billion Headed To States

Detailed information about funding from the Infrastructure Investment and Jobs Act can be found at the Federal Highway Administration, and Construction Dive shares this summation of recently released dollars:


The Federal Highway Administration…announced that it released $59.9 billion to 12 programs to help address the nation’s crumbling infrastructure.…The funding comes from the $1.2 trillion Infrastructure Investment and Jobs Act….The FHWA’s nearly $60 billion allocation, to be split among all 50 states plus Washington, D.C., and Puerto Rico, is a $15 billion increase over 2021. The newly released funds are formula grants, which means the money flows to recipients based on formulas set by Congress.


While long-standing initiatives like the Bridge Formula will continue, new programs are also being rolled out. For example, according to Construction Dive, next year these initiatives are anticipated:


  • The Carbon Reduction Program aims to boost projects designed to reduce transportation emissions, such as public transit, bikeways and walkways. 


  • The Promoting Resilient Operations for Transformative, Efficient and Cost-Saving Transportation Formula Program aims to help make surface transportation more resilient to extreme weather and other natural hazards.


  • The National Electric Vehicle Infrastructure Formula Program aims to create a reliable national network of EV chargers.


Technical Assistance—and Encouragement?

A number of public and private organizations have stood up websites to help contractors across the country “follow the money.” For example, the National Association of Counties offers this analysis which includes “a helpful list of open funding sources for county governments, as well as a matrix outlining all of the IIJA’s funding opportunities.”  Contractors can visit the National Governor’s Association to track funding appropriations for their states. Other resources that may help contractors understand the scale and scope of opportunities and possibilities are right here.


If you are a small business wondering about your next move, you’ll find this story about how a small start-up grew into an $8 milliion business inspirational. Even if going after big public contracts is not for you, forecasters point out that small construction firms have good reason to be opportunistic steering forward. In fact, many small businesses had strong growth in 2021, despite the unprecedented challenges. Looking toward normalcy, investments in technology and efficiency could help smaller contractors continue to advance. Colonial Surety is here to help too. Afterall, every financial insight you glean, gives you an important edge. That’s what The Partnership Account for Contractors® can do for you. With this free service, we will help you plot the growth of your business, strategically, one step at a time. The Partnership Account arms you with a private digital dashboard, providing you with a day to day snapshot of your single and aggregate limits, as well as your current and available bond capacity. As your work in progress decreases, you can even update your work on hand—increasing your aggregate so you can go ahead and move that next bid ahead. Take control of your finances—and get an edge issuing your own bid bonds, instantly, using our powers of attorney. Get started today: Pre-Qualify and Get Free Scores Here.


With Colonial Surety as your partner, you just might find that you are more prepared to compete for new projects then you realize. The Partnership Account®  allows you to use our powers of attorney to issue your own bid bond—and you can do so right up to the deadline, incorporating last minute labor costs, price fluctuations and supply substitutions. With Colonial behind you, you’re also armed with a complete, powerful online surety management system. In addition to issuing your own bid bonds, you can expediently order performance and payment bonds, run management reports, check your current and aggregate limits, view your underwriting profile—and more. Come on: let’s get you growing today.


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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.