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.
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.
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.
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.
How the Pandemic Evolved the Health Care Facility Inspection Process
Through lockdowns, travel bans, furloughs and social distancing, many of the people relied on for required health care inspections are now unable to come onsite. To work around this constraint, the construction industry was forced to change rapidly.
U.S. Economy Expands at 33.1% Annual Rate in Q3 of 2020, Says ABC
The U.S. economy expanded at an annualized rate of 33.1% during the third quarter of 2020, helping to offset a significant share of the economic loss sustained during the second quarter, says ABC.











