Surety Matters

Our blog covering the latest in bonds and insurance
Displaying 9 results for: school
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
Contract Surety 04.11.2019

Surety vs. Insurance in Contract Surety

Surety bonds and insurance may seem similar and come from similar companies, but they are not the same thing, especially in contract surety. With Colonial Surety, contractors are essentially able to establish a line of…
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Surety vs. Insurance in Contract Surety
Contract Surety 04.11.2019

New Union City Construction Bonding Rules In Place

Union City, New Jersey has enacted a new resolution at its recent Board of Commissioners meeting, changing the type of bonds issued by the city to construction companies. The city is now requiring performance bonds;…
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New Union City Construction Bonding Rules In Place
Contract Surety 04.11.2019

Key Provisions in School Construction Contracts

Not every school construction project can go 100% swimmingly. Some are going to have delays or errors or go over budget. And the best way to guard against these roadblocks in school construction is a…
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Key Provisions in School Construction Contracts