The 2028 Olympics give urgency to completing construction plans of all kinds throughout Los Angeles. Athletic venues, transportation and residences for competitors are all in need of attention. So are water and power supplies.
For the second straight year, Los Angeles has been ranked second by the American Society of Civil Engineers (ASCE) for best places to find good work. Ports, rivers, highways, and skyscrapers do keep engineers—and builders—busy. So do power and water infrastructure projects. Ambitious goals have been set, for example, to achieve 70% renewable energy and recycle 100% of wastewater by 2035. Add to this the imperative to build and renovate dozens of sites for the Olympic Games and the result is: there’s not a moment to spare for constructors. As an ASCE leader points out:
With venues spread across nearly 100 mi, the area of greatest need will be transportation. “A big focus is on how athletes and tourists will travel around LA because many of the locations are miles apart….” The Los Angeles Metro is aggressively pursuing its “Twenty Eight by ’28 Initiative,” which targets 28 transportation projects that must be completed before the games. These include new subway lines, expansions to express lanes, and supporting infrastructure that will continue to deliver benefits long after the Olympic torch has been extinguished.
Across the county, builders who can’t afford to waste any time trust Colonial Surety for help speeding things up. Colonial’s taken the pain—and delays— out of the old fashioned bonding process, making it faster, easier—and more confidential than ever—for contractors to obtain, manage and monitor needed bid, performance and payment bonds. Contractors who complete a speedy qualifying app for Colonial’s surety line of credit even receive, for free, Dun & Bradstreet scores.
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.
- 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?
Get Going: The Partnership Account®
A Sense of Urgency?
There’s almost nothing in LA that is untouched by the urgency of gearing up for the 2028 Olympics. Like other airports around the country, Los Angeles International Airport is hustling to modernize. Meanwhile, student residencies at UCLA and the University of Southern California are expanding so that all of the Olympic athletes can be housed.
Of course, we all know that Los Angeles is not the only area of the country with plenty of building to do. Come on! There must be something you are itching to build. Let’s get you moving with The Partnership Account® from Colonial Surety Company. Then, you can go after lots more new projects with speed and confidence — knowing your bidding and financial information is secure.
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!