Surety Matters

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Displaying 32 results for: Bid Bonds
Surety Bonds 10.18.2020

BIM Results Highlight The Importance of Partnering

  New research demonstrates the success of building information modeling (BIM). It is especially effective when everyone on the project team is committed to it—and partnering effectively. The Impact of Embracing BIM Many contractors are…
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BIM Results Highlight The Importance of Partnering
Contract Surety 10.05.2020

Construction: Succeeding Despite Timing and Compliance Issues

Amidst continued optimism in the industry, contract managers face delays, expenses and uncertainties as they manage performance in the COVID-19 world.  Funding for Infrastructure Projects Extended The passage of a federal government stopgap measure has…
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Construction: Succeeding Despite Timing and Compliance Issues
Contract Surety 07.27.2020

June Construction Employment Skyrockets

Great news for contractors! Per an analysis by the Associated General Contractors of America, or AGC, employment within the construction province has bloomed from May to June in 31 states and the District of Columbia. “The…
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June Construction Employment Skyrockets
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