Airports Expanding: Billions Allocated
Quick question: What do Kalispell, Montana and Mascoutah, Illinois have in common? Airport expansion! It’s underway in New York City, Denver, LA, Charlotte, San Diego, Dallas, Austin and Orlando, too. Head’s up—bids are flying. Space,…
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Back To School? Builders Needed
With 54% of public school districts across the country needing to replace or update multiple buildings, leaders are creating new approaches to speed things up. Speeding Up The School Building Process? A 2020…
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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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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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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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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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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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