News and current information for our surety bond clients.
On May 13, 2020, the U.S. Small Business Administration (SBA), in consultation with the U.S. Department of the Treasury, provided the following critical guidance on the good-faith certification requirement for Payroll Protection Program (PPP) borrowers…. Read the requirements >>>
General Contractors Can Be Liable to Pay Subcontractor’s Employee Wages Last month, Virginia’s General Assembly enacted a new law that makes contractors on large construction projects liable for unpaid wages owed to their subcontractors’ employees. Senate Bill 836, codified at Virginia Code – 11-4.6 and – 40.1-29 has four major effects. To read the article>>>
Join Edin Zukanovic, bond agent at Construction Bonds, Inc. (CBI) on Wednesday, April 29th at 10:00 am for a Zoom meeting on Bonding 101 with the City of Hampton. Click to register. #SBABonds #CBI #NASBP Joshua Etemadi Nebiyou (Neb) Aynu
The main convention center in the nation’s capital will soon undergo a construction project to turn it into a healthcare facility to treat coronavirus patients. Mayor Muriel Bowser’s administration Monday announced it issued a design-build contract to Hensel Phelps Construction Co. to convert the Walter E. Washington Convention Center’s three halls into a facility to treat patients who do not require intensive care. Read the …
Engineering News-Record (ENR) has compiled the current status of which U.S. states have either issued a shelter-in-place order for the general population, and whether or not construction activities are allowed to proceed at this time. Click to see the state-by-sate coronavirus construction status updates.
By Kat Shamapande on NASBP Website The Coronavirus (COVID-19) is impacting the construction industry in both the public and private sectors. A recent Associated General Contractors online survey revealed that more than a quarter of the respondents have already been directed to halt or delay work on a project. See Associated General Contractors, Data Digest, Vol. 20, No. 11, March …
Josh Etemadi and Edin Zukanovic of Construction Bonds, Inc. (CBI) partnered with the National Association of Surety Bond Producers (NASBP) to share insights and stories about how they use social media and social marketing to promote the surety product and build relationships with clients to help them obtain bonds. Click to hear their Stories From The Field. CBI is located …
Josh Etemadi, Assistant Vice President, Construction Bonds, Inc., was featured on “The Small Business Report” on Sirius XM Radio along with hosts Carl Brown and Sharrarne Morton. He spoke about the bonding process and what it takes to qualify and when you need a bond. Join the conversation on LinkedIn #sbdc #thesmallbusinesreport http://www.thesmallbusinessreport.biz/
Distressed assets are defined here as construction projects that have already broken ground but have stalled. Here are a series of elements that, when carried out faithfully, will work in the best interests of owners to ensure that they have a successful roadmap for meeting its business goals and objectives for the next project. Read the reasons here.
On March 4th Metro DC Hispanic Contractors Association, the Building Trades Unions, Fort Myer Construction Roundtable and DC Dept. of Small & Minority Business Development are sponsoring a “Small Business Accelerator” networking session. El 4 de marzo, la Asociacion de Contratistas Hispanos de Metro DC, Los sindicatos de Construccion, la Mesa Redonda de Construccion de Fort Myer y el Departamento …
