While COVID-19 has increased the risks for construction professionals, there are strategies to mitigate risk such as virtual training, wearables and attracting the best talent.
Surety Bonding Would Provide Peace of Mind for P3s
Due to the lack of funding, many public entities are considering public-private partnerships, also known as P3s, as a way to finance and complete necessary infrastructure projects.
Subcontractor Failure to Pay Employee Wages Could Fall on General Contractors
General contractors must realize the risk of being held liable for a subcontractor’s failure to pay timely and proper wages to their employees and/or lower-tier subcontractors.
The Downfalls of Prequalification Shortcuts
There are some simple things that any contractor can do, regardless of size, market or location, to pre-qualify their subcontractors. It’s a critical step that will minimize risk, manage cost and keep projects on schedule.
Infrastructure: Paths to Funding
Things were already dicey for the U.S. infrastructure market going into 2020. Those concerns turned to sheer panic during the “new normal” of the global pandemic. However, contractors seem to be maintaining backlog despite the year's glaring challenges.
Are Shortages Coming in 2021? Not If Contractors Create a Backup Plan
The construction manager who anticipates disruptions and creates backup plans has the best chance to deliver a project on time and within budget.
Business Interruption Policies: Are COVID-19 Losses Covered?
Business interruption coverage provides coverage for loss of income or covered expenses. While in most cases, BI has not covered COVID-19 losses, there are glimmers of hope.
Safety and Risk Management in the COVID-19 Era
Contractors face an abundance of new risks in the wake of COVID-19. A sick or quarantining workforce can dramatically change project timelines. During these challenging times, partnering with an experienced surety provider is more important than ever.











