Surety Matters

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Displaying 8 results for: performance and payment bonds
Contract Surety 12.05.2020

The Contractor’s Challenge: Stop—and Go!

Though “hurry up and wait” has long been part of the mix in construction, the pandemic continues to put a whole new spin on what to work on, and when. Ambiguity and Optimism Too While…
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The Contractor’s Challenge: Stop—and Go!
11.13.2020

Sign of Growth: $945 Million New Train Line Underway In Indiana

Inspired by big thinking and collaborative funding agreements, construction is underway on a $945 million commuter train line in Indiana. Making New Connections Toward construction of an 8-mile commuter train line—the West Lake Corridor Project—a…
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Sign of Growth: $945 Million New Train Line Underway In Indiana
Contract Surety 09.25.2020

Construction Matters: Fast or Slow?

Even in routine times, the “stop-go” of construction projects is painful—especially for small business contractors. Just winning a bid is generally time-consuming—then, a host of other dynamics, from supply chain lags to delays in public…
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Construction Matters: Fast or Slow?
Contract Surety 06.11.2020

A Contractor’s Guide to Overcome Unforeseen COVID-19 Struggles

The coronavirus pandemic has created serious disruptions across all industries. Construction contractors and skilled tradesmen and women are doing all they can to keep their businesses afloat during difficult economic circumstances. Below are important strategies…
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A Contractor’s Guide to Overcome Unforeseen COVID-19 Struggles
Contract Surety 05.29.2020

OSHA Updates COVID-19 Guidance for Construction Industry

On May 27, 2020, the Occupational Safety and Health Administration, or OSHA, refreshed its guidance for employers within the construction province. Though not legally binding, contractors are strongly encouraged to follow these recommendations when modifying…
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OSHA Updates COVID-19 Guidance for Construction Industry
Contract Surety 04.22.2020

Some Construction Projects Could Soon Restart, Washington Governor Announces

On April 21st, Washington Governor Jay Inslee announced a road map for reopening the state’s economy that could soon permit the return of some elective surgeries, outdoor recreation, and certain construction projects. In a televised…
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Some Construction Projects Could Soon Restart, Washington Governor Announces
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
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