City in Oklahoma Plans to Call Contractor’s Bond

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The city of Ada took action last week that could result in a lawsuit against the company that built the Wintersmith Park Music and Movie Venue, over allegations that the completed facility did not meet the city’s specifications. On Monday, the Ada City Council declared the Tulsa-based Timbrel Building Co. in default on its contract and authorized the city to …

AIA Documents Include Insurance, Bond Provisions as Exhibits to Agreements

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The American Institute of Architects’ standardized contract series is widely used across the construction industry, in addition to options from competitors like ConsensusDocs and the Design Build Institute of America. When the AIA issues revisions to its contract documents every 10 years, it garners a good deal of attention, as these changes can impact all project stakeholders.   Tell me …

Nevada Senator: Stadium Forgoes Small Contractors’ Involvement

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When it comes to the Raiders’ off-field play, the team boasts an impressive win streak. First, the team played a key role in securing $750 million worth of tax dollars to support a domed $1.9 billion stadium just off the Las Vegas Strip. Then the Raiders informed the Las Vegas Stadium Authority that the NFL needs an approved lease agreement …

Insurance Demand Strong as Construction Industry Grows

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The US construction industry experienced an optimistic 2016 with modest, steady growth across all sectors. Despite seasonal swings and uncertainty in the potential impact of regulatory and legislative changes, US construction continues its gradual progress forward according to JLL’s Q4 2016 US Construction Outlook report.   Read more here>>>

Planning Board Requires Bond Guaranteeing Hospital Project’s Completion

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KINGSTON, N.Y. >> HealthAlliance of the Hudson Valley has yet to hear from state officials on its September application to expand one hospital campus and to convert the other into a “medical village.” In a brief email last week, Marketing Director Lynn Nichols said there was no new information on HealthAlliance’s application to the state Health Department. “We do not …

Connecticut Town Unable to Collect on Bond; Issuer has Cease-and-Desist History

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The battle with Julian Development and its handling of the town’s partially contaminated fill pile has found its way to court. The town has filed suit in state Superior Court in Bridgeport against Julian, seeking up to $3 million in payment over the fill pile on One Rod Highway. Claiming a breach of contract, the town has filed a request …