The Construction Surety Industry: Looking Ahead

According to data published by Aon Insurance, surety division, total construction industry surety losses in 2019 were fairly favorable at fewer than 20%. Initially, this trend was expected to continue into 2020, subject to any financial issues related to megaprojects currently in place. But the impact of COVID-19 has increased surety exposure to a much higher level, similar to other credit programs.

How COVID-19 Is Changing Temporary Site Services

During the week of March 16, temporary site service vendors, specifically suppliers of portable toilets, dumpsters, temporary fencing, temporary storage and mobile office trailers, responded to an industry survey sent out by ZTERS Site Solutions. Vendors from 35 states provided feedback on how COVID-19 is currently affecting their companies and how they anticipate the virus will affect business over the next few months.