Surety Matters

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Displaying 31 results for: performance bonds
Contract Surety 12.18.2020

New Beginnings: Renovating and Building Too

Across the country, states continue committing funds to begin long awaited projects. In New Jersey, a $190 million renovation effort to Newark Penn Station begins soon. Starting Immediately New Jersey has committed to a five-year,…
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New Beginnings: Renovating and Building Too
Contract Surety 12.11.2020

Constructions Begun: Perseverance In Boston

 A $31.1 million road construction project is underway in Boston! Delayed for decades, it will now incorporate the latest approaches to pedestrian and bike-friendly roads. Wide Sidewalks, Bike Lanes and a Roadway Revamp Too Scheduled…
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Constructions Begun: Perseverance In Boston
Contract Surety 11.06.2020

Bid Bonds: A Cautionary Tale

What could happen when you use the wrong bid bond form for a federal contract? The bid could be rejected. Ouch! Deemed Non-responsive Recently, the Government Accountability Office (GAO) published a decision concerning the use…
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Bid Bonds: A Cautionary Tale
Contract Surety 10.21.2020

Experts Predict Growth: Prepare to Build-and Bid

  The outlook for major spending on infrastructure is strong—regardless of election results. For contractors, now is the time to prepare for growth.  Optimism from Market Analysts One strong indicator for growth is that the…
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Experts Predict Growth: Prepare to Build-and Bid
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 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