Infrastructure has become such a buzzy word that it’s easy to lose sight of how the presence of a strong infrastructure enables our everyday lives. In celebration of “United for Infrastructure,” leadership of the Regional Transportation Commission of Southern Nevada reminds us why continuous progress is vital.
Keeping Goods, Services and People Moving
When we boil it down, that’s what infrastructure does, right? Roads and tunnels, bridges and ports, rails and trails, these are what keep us—and our food supplies, homes, and businesses going. As MJ Maynard, CEO of the Regional Transportation Commission of Southern Nevada (RTC) shares in the Las Vegas Sun:
Infrastructure provides a mechanism for paramedics to quickly maneuver streets and traffic to efficiently reach a person in distress. It helps the big rig driver navigate highways to bring essential goods to our valley, and it allows for a construction worker to make a good living on a long-term construction project. Infrastructure provides the ability for a newly licensed teenager to drive to school, fostering personal independence, and it supports a growing bike-share program that offers an option for those seeking a more cost-efficient alternative amidst high gas prices… We believe infrastructure is the backbone of our region. It’s the system that keeps goods, services and people moving, and it connects residents and visitors to all the places they want and need to go. Infrastructure is the very foundation of a healthy community with a vibrant economy that supports business and attracts additional investment.
Constructing Progress: Partnerships
Incremental progress on disparate projects, like the repair of roads, the addition of rapid bus lines and the construction of speed rails sometimes feels intangible or even incoherent, but added together, well-coordinated efforts yield big results. For example, in Southern Nevada, the Regional Transportation Commission reports:
Since 2014, our agency partners have begun construction on 483 and design on 109 roadway projects that total $1.97 billion, with 335 of those projects completed. Large-scale projects include building Interstate 11 and reconstructing Flamingo Road. One of the larger projects on the horizon is our bus rapid transit project along Maryland Parkway. These large projects are a big part of the transportation puzzle in any community such as Southern Nevada. The RTC’s Capital Improvement Program (CIP) …includes more than $2 billion in projects for design, right-of-way and construction…These projects equate to a tremendous number of jobs that benefit local small and diverse businesses and an economic investment in our community… As a result of the partnership among the RTC, local jurisdictions and our contractors, these projects have generated more than 13,000 jobs for our community.
Looking to partner on a big or small build that matters to people in your region? Builders everywhere in the country are getting an edge on civil works by securing a surety line of credit—in writing—via The Partnership Account for Contractors® from Colonial Surety. As a direct underwriter of bonds based on the strength of financial statements, we give builders power of attorney to issue their own bid bonds. Plus, our complimentary services give builders direct access to performance and payment bonds on a customized dashboard, real time tracking of bids and work on hand, and, immediate access to Colonial’s lead underwriter as new opportunities emerge.
Speed and service? It’s true. Complete the brief 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.
It could happen. 180 miles per hour—mow that’s a speedy ride—and it might happen in real time, via plans for an all-electric train connecting Las Vegas and Southern California. According to Engineering News-Record, billionaire investor, Wes Edens, whose Fortress Investment Group owns Brightline West, the electric train project is “at the one yard line.” Brightline anticipates that federal review and issuance of permits will be completed in fall 2022, with contractors announced before the end of the year. It’s been estimated that the project could create 40,000 construction and 1,000 permanent jobs.
Good To Know
United for Infrastructure℠ is a non-profit organization that works “with leaders and citizens around America to highlight the state of our nation’s infrastructure and the projects, policies, and ideas critical to ensuring every American family, worker, business and community is competitive, prosperous, and safe.”
Infrastructure—let’s do this. Across the country, contractors are succeeding with public works as they leverage The Partnership Account® from Colonial Surety. In addition to a surety line of credit—in writing, The Partnership Account® gives qualified construction companies:
- 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 Colonial’s lead underwriter as new opportunities emerge.
- A private Owner’s Dashboard to view surety lines, adjust work and analyze bids.
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.