Risks to Consider When Bidding on a Construction Project
Forward-looking contractors integrate risk management in their bidding process. It involves careful planning of project schedule, realistic budget assessment and
Payment Bonds on a Private Construction Project
Payment bonds aren’t just for public projects. Private owners can mitigate risk and protect subcontractors and suppliers on the project.
Surety Bonding in 2019: What Should Contractors Be Ready For?
New surety regulations across the country will require contractors to obtain construction bonds or contractor license bonds in different amounts and adjust to new
How the Government Shutdown Affects Small Construction Contractors
One of the immediate effects of the shutdown is that construction companies working for government bodies may have to pause projects and wait for due payments until
2018 State Surety Bonding Legislation Review
State-enacted legislation in 2018 ranged from enabling contractors to post bonds when getting licensed to increasing their liability in bond claim cases.
Innovative Ways Contractors Can Manage the Labor Shortage
Construction companies can outsmart the labor shortage and ensure their businesses don’t suffer losses in several ways, despite the lack of skilled workers.