Surety Matters

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Displaying 29 results for: Bid Bonds
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
03.05.2020

Here’s Why You Need a Bid Bond

Bid bonds are used primarily in the construction industry to assure the contractor can fulfill the job responsibilities listed in the agreement for the agreed price for the project owner. It protects the project owner…
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Here’s Why You Need a Bid Bond
Contract Surety 09.05.2019

Rebar Free Design Allows Contractor to Top Out Building in 10 Months

Using a composite steel frame that is rebar free, The Erection Co., finished topping out its 850 square foot Rainier Square Tower in Seattle, Washington in just ten months. The building is scheduled for completion…
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Rebar Free Design Allows Contractor to Top Out Building in 10 Months
Contract Surety 09.05.2019

Project Design Problems Cause Cost Overrun

Design plans can cause a contractor’s project cost to go over budget all by themselves. Even if proper time and resources are spent on estimating the scope of the project as well as its cost…
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Project Design Problems Cause Cost Overrun
Contract Surety 08.13.2019

Technology Fills Construction Skills Gap

Contractors and construction companies have decried the lack of skilled workers available to them, even as the United States goes through a construction boom. If there are fewer skilled workers than ever before with more…
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Technology Fills Construction Skills Gap