Surety Matters

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Displaying 26 results for: performance bonds
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 03.27.2020

Construction Deemed “Essential” in New York

To help fend off the nascent coronavirus (COVID-19) epidemic, the state of New York has halted all but “essential” statewide services. Gyms, restaurants, bars and various other businesses are closing their doors to comply with…
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Construction Deemed “Essential” in New York
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
Contract Surety 07.22.2019

60% of Construction Being Done in 10 States

The United States is going through a construction boom, with more investment on the way due to looming necessary infrastructure upgrades. But the construction boom wealth is not being shared equally throughout the whole country….
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60% of Construction Being Done in 10 States
Contract Surety 07.16.2019

Modular Building Speeds Up Construction Process

Some buildings and structures may have many uniform rooms or pieces within them and those, such as hospitals and hotels, may be candidates for modular construction. In modular construction, separately made parts of a building…
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Modular Building Speeds Up Construction Process
Contract Surety 07.15.2019

San Francisco’s First Modular Hotel Opens

San Francisco opened its first modularly built hotel, the Home2 Suites by Hilton. The total construction time for the hotel was 16 months, with construction finished in less than a year after the modular units arrived…
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San Francisco’s First Modular Hotel Opens