Surety Matters

Our blog covering the latest in bonds and insurance
Displaying 7 results for: bid and performance bond
Contract Surety 12.18.2020

The Infrastructure Imperative

Maintenance is frightfully past due on infrastructure projects across the country. Disaster looms. Elected leaders in 2021 have this in common: the imperative to invest significantly in public works. Dig In For years, the American…
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The Infrastructure Imperative
Contract Surety 06.08.2020

New York City Restarts Construction During Phase One Reopening

Following a three-month delay, New York City construction sites are scrambling to resume operations and complete their projects. Manufacturing, wholesalers, “non-essential” retailers and construction workers can revive Hundreds of thousands of workers will be returning…
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New York City Restarts Construction During Phase One Reopening
Contract Surety 04.07.2020

Boston Mayor Pauses Non-Essential Construction Until Further Notice

To slow the spread of the coronavirus (COVID-19), Boston Mayor Martin Walsh announced he is extending the city’s order to halt “non-essential” construction for permitted sites. As the Commonwealth of Massachusetts continues to battle this…
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Boston Mayor Pauses Non-Essential Construction Until Further Notice
Contract Surety 03.18.2020

When Contractors Over or Underbill

Over or underbilling by a contractor can be a big problem for obtaining your bid and performance bonds from your surety bonding company. According to generally accepted accounting principals, contractors should report earnings based on the percentage…
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When Contractors Over or Underbill
Contract Surety 02.06.2020

Construction Labor Shortage Risks Performance

According to the Associated Builders and Contractors, there were nearly 7 million open construction jobs in the United States as of July 2018. The biggest reason for the shortage is a lack of skilled construction…
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Construction Labor Shortage Risks Performance
Contract Surety 01.31.2020

Incorrect Project Estimates Cause Construction Cost Overrun

It’s extremely difficult for construction projects to come in under budget. Poor project management may be one reason for the error while unforeseeable circumstances may be another. But one of the most common causes of…
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Incorrect Project Estimates Cause Construction Cost Overrun
Contract Surety 01.31.2020

Massive Surety Industry Growth Expected by 2025

With much global infrastructure needing to be replaced in first world countries such as the United States, the global surety market is expected to grow by 7% per year up to the year 2025. There are going…
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Massive Surety Industry Growth Expected by 2025