Below you'll find a list of all posts from 2017
Like runners preparing for a marathon, surety bond producers need to think long-term when building lasting connections with their contractor, subcontractor, and specialty trade clients. “The most important element in building a good relationship is building a level of trust,” said Eric Zimmerman, Vice President, Propel Insurance, Seattle, WA. “That just happens over time, with consistent feedback and follow-up and …
Michael S. McGavick, the chief executive of insurer XL Group Ltd., delivered the keynote speech at the International Risk Management Institute construction conference earlier this month in Indianapolis. A former chief executive of Safeco Corp. and a former candidate for the U.S. Senate in Washington state, McGavick predicted in his speech and in a later interview that construction insurance would …
Melissa Watson has suffered through her fair share of sleepless nights, wondering what might happen to her home at the East End Mobile Home Park – soon, she may finally be able to rest easy. Watson has spent more than a year working with her neighbors to save the park that is located along Va. 29 in Manassas. Read the …
A reconstruction project at the Polson Airport has been delayed. The contractor, Bjorn Johnson Construction of Missoula, was unable to find a supplier for the type of asphalt required by the Federal Aviation Administration, project engineer Jeff Walla of KLJ Engineering said at the Polson City Commission’s Nov. 6 meeting. Read the full article >>>
A mechanical contractor is suing the lead builders and their bonding agencies for almost nonpayment of work performed during the $200 million makeover of Charleston International Airport. Bell Constructors of Rochester, N.Y., claims in its civil lawsuit filed this month in Charleston County the joint venture of Texas-based Austin Commercial and Hitt Contracting of Virginia has not paid nearly $900,000 …
Contractors participating in publicly funded construction projects often run up against conditions they might not otherwise come across in private work. Such requirements can range from payment and performance bonds, to paying prevailing wages or submitting certified payroll forms on a regular basis. While some of those conditions may be easier to comply with than others, few are as contentious …
WASHINGTON, Nov. 7, 2017 /PRNewswire-USNewswire/ — The U.S. Small Business Administration announced today its most active surety companies and agencies for fiscal year (FY) 2017, which contributed to increases in the Surety Bond Guarantee (SBG) Program’s activity. “FY2017 yielded impressive numbers that would not have been possible without our top performing surety partners and bond agencies,” said Peter Gibbs, Acting …
The people behind the scenes of Palm Beach County’s Ballpark of the Palm Beaches say they’re not getting paid. The $152 million ballpark has become the Florida home to the World Series winning Houston Astros and the Washington Nationals. Read more here >>>
The high-risk intersection of skill level and safe operations is traditionally a “proceed-with-caution” zone in the construction industry. It presents the greatest peril when owners and contractors are pressed to hire earnest but unskilled workers to bridge the gap between the current workforce and the staffing levels they need to meet demand. Tell me more >>>
The U.S. commercial (non-residential) construction market outlook for the remainder of 2017 and through 2018 is expected to grow in the 4% range, according to the AIA Consensus Construction Forecast panel. This is slightly below its previous forecasts of 5-7% entering 2017. There are factors that could add tailwind to growth estimates, which include tax reform, financial deregulation, and a …
