Nothing! As in building opportunities seem to be literally everywhere, with no sign of stopping. Highway expansions, speedy train lines, housing—you name it, it’s cropping up. Amazingly, new building projects are cropping up everywhere—not just in Houston and Dallas. Consider this, for example: Frisco, outside of Dallas, was the fastest growing city in the country from 2010-2020.
Building Big and Fast
The American Society of Civil Engineers (ASCE) offers many examples of the building action around Texas. In Dallas, intersections and overpasses are getting upgrades, and extensions of the Dallas Area Rapid Transit light-rail line are being built. Outside of Dallas, a suburb no more, Frisco has popped up 25-story buildings, such as a new headquarters for the Dallas Cowboys. Not to be outdone, Austin’s gearing up for a Tesla Cybertruck and battery plant—and a new fulfillment center for Amazon. No wonder highways are being expanded there! Speaking of infrastructure improvement, over in Harris County, which includes Houston, there are over 65 projects related to flood control in the wake of Hurricane Harvey underway.
Speed, is of course high on the radar too. Construction on the $16 billion high speed railway connecting Dallas and Houston is expected to begin by 2022. As ENR has reported, the speed rail will be based on Central Japan Railway’s Tokaido Shinkansen system. And enable 90 minute trips between Houston and Dallas, It is anticipated that over 400,000 passengers will use the line daily, reducing car travel and cutting greenhouse gas emissions by an estimated 101,000 tons annually.
Ooh! With so much important and innovative action underway, f you are a builder—in Texas or anywhere right now—chances are good your to-do list is getting longer, right? Let Colonial Surety help you cut to the chase. We are powering up construction companies across the country for wins, making it easier—and more confidential than ever—to obtain, manage and monitor needed bid, performance and payment bonds. Contractors who complete a simple qualifying app for Colonial’s surety line of credit even receive, for free, Dun & Bradstreet scores. Pre-qualify and Receive Free Scores Here! Then, once approved for The Partnership Account® with Colonial, you’ll:
• Use your private Owner’s Dashboard® for a personal window into your underwriting profile. Review the statistical analysis of your financial statements and free Dun and Bradstreet scores, profitability, and more.
• Access a powerful online surety management system to issue bid bonds, order performance, and payment bonds, update work in progress, check your current and aggregate limits, view open and closed bid and performance bonds, and more.
• Clearly see your bonding limits, and always have direct access to our underwriter if you need the excess capacity to bid on a job.
• Protect the confidentiality of your bids—after all, no one’s in the middle when you do it yourself, right?
Make Today Your Day: The Partnership Account®
The Lone Star’s Not Alone
Of course Texas is not the only state where the action’s building. Illinois has signed a $45 billion capital plan, allocating funds for roads, bridges, universities, and other state facilities over the next six years. Is there any city in the country not getting a new waterfront park? There’s a rising demand for life sciences buildings everywhere as well. Speedy train lines? More, please! Sounds like it’s time to moving with a boost from Colonial Surety. Scoot along today: The Partnership Account®
Colonial is built on reliability, affordability, and dependability. Founded in 1930, we have proven long-term financial stability; we’re licensed in every single state in the U.S.; we are listed by the U.S. Treasury as an approved surety; and we’re rated “A” Excellent by A.M. Best – an accolade of which we are extremely proud. Let’s Partner!