Where Will Houston Find Enough Workers for Major Cleanup, Construction?

sbabondsUncategorized

The disaster that is Tropical Storm Harvey is still ongoing. It will be some time before the waters recede and the effect on Houston can be fully assessed. But it is already clear the damage to property will be immense. Tens of thousands of structures were impacted by floodwaters. Eventually, Houston will require massive cleanup, demolition, and reconstruction of individual …

Surety Industry Leaps Forward With Financial-Data Standards

sbabondsUncategorized

Construction surety is about to get significantly more sure. Two trade groups, the National Association of Surety Bond Producers (NASBP) and the Surety & Fidelity Association of America (SFAA) are working with two standards-setting organizations and several underwriters to develop a whole new online protocol. Read more here >>>

Contractor: Success Stems From Timely Job Completion, Business Investment

sbabondsUncategorized

The Great Recession delivered a knock out punch to many African-American-owned construction companies but Steven Garth Sr.’s Chicago Heights company was not among them. Garth, 72, is founder and CEO of Garth Construction Services Corp. and chairman and a co-founder of Black Contractors United, which assists and advocates for African-Americans in the construction industry. Tell me more >>>

Kansas City Eyes Bond Requirement for Subdivision Developers

sbabondsUncategorized

The Manhattan City Commission will discuss a draft resolution Tuesday that would require subdivision developers to make upfront security payments for benefit district work. The work session starts at 5:30 p.m. at City Hall. The commission will discuss this draft as the city seeks ways to reduce risks associated with benefit districts being used for residential subdivision development. Tell me …

Private Owners, Firms Might Have to Invest More in Construction-Labor Education

sbabondsUncategorized

Ask commercial developers in a major market to name their biggest challenges, and the rising cost of construction will be at or near the top of the list. But while the complaints have grown louder in recent years, the underlying problem has been decades in the making, and the current administration’s policies only figure to make it worse. Read the …

Take Steps to Protect Against Violations of Federal Contracting Rules

sbabondsUncategorized

The U.S. government appropriated $120 billion for federal construction spending in 2017, covering a range of projects from the construction of a new Federal Bureau of Investigation headquarters to building agricultural research facilities, according to the Associated General Contractors of America. President Donald Trump’s 2018 budget proposal, even with its cuts to key federal spending programs and new funds for …

New Mexico Man Sentenced for Using Fake Bond on School Project, Evading Tax

sbabondsUncategorized

An Albuquerque-area contractor has been ordered to spend 27 months in federal prison and pay more than $410,000 in restitution in a tax evasion and fraud case. Federal prosecutors say 38-year-old Joseph Dubois was sentenced this week. His prison term will be followed by three years of supervised release. Tell me more >>>