Legal and Regulatory
England’s Carillion Collapse Forces a New Global Surety Standard
In many countries, only 5-10% of contract value is covered in event of loss or default. In the U.S., surety bonds prevent disaster from happening in the first place but if a loss occurs, cover 100% of contract value.
By Steven Raffuel
April 2, 2019
Topics
Legal and Regulatory
by Steven Raffuel
Steve Raffuel is also founder and President of The Surety Alliance, an international consortium of surety specialty brokers managing the needs of national and international contractors. He has worked in the surety industry for the past 40 years.
Related stories
Legal and Regulatory
Trump Administration Fails to Rescind Biden’s Anti-Merit Labor Mandate
By ABC
Read on for ABC's response to the Trump administration's latest actions regarding the Biden-era PLA mandate.
Legal and Regulatory
Unprecedented Times: An Interview Panel With 2025 Top Construction Law Firms
By David McMillin
Partners at some of CE’s 2025 Top 50 Construction Law Firms offer perspectives on the state of contract disputes, recent victories worth celebrating and implications of the Trump administration’s changes to the legal landscape.
Legal and Regulatory
Executive Insights 2025: Leaders in Construction Law
By Construction Executive
From tariffs to liquidating assets, leading construction attorneys answer this year's most pressing questions.