Surety Matters

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Displaying 5 results for: bid bond
Contract Surety 04.08.2020

NJ Governor Stops All “Non-Essential” Construction Indefinitely

As of 8pm on April 8th, 2020, Governor Phil Murphy of New Jersey will sign an executive order instructing all non-essential construction across the Garden State to cease until further notice. This rule comes weeks…
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NJ Governor Stops All “Non-Essential” Construction Indefinitely
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 04.06.2020

More States Issue “Stay-At-Home” Orders Except for “Essential Activities”

A growing number of states in America are enacting “stay-at-home” orders to reduce the spread of the coronavirus (COVID-19) and encourage all Americans to continue social distancing. The directives to keep residents in their homes,…
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More States Issue “Stay-At-Home” Orders Except for “Essential Activities”
Contract Surety 04.03.2020

The Potential Impact COVID-19 Will Have on Contract Surety

The coronavirus pandemic fosters a plethora of uncertainty for contractors, subcontractors, suppliers, owners, and sureties. In every state across America, guidelines are being put in place to determine if construction is an “essential” infrastructure to…
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The Potential Impact COVID-19 Will Have on Contract Surety
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