FITCHBURG — Last year, Fitchburg State University exited early from two construction contracts with a Haverhill company that has run into conflicts in other communities around the state. According to university officials, FSU contracted with GTC Construction Management on two projects: the renovation of Percival Hall and the creation of a “game studio” in the Main Street Theater Block. Read …
LA Contractor: Bonding Capability is “One of Our Strongest Assets”
In 1972, Hiram DuRousseau Sr. decided he wanted more out of life. He bought a tractor, bush hog and box blade. “You can’t go wrong cutting grass,” says the family patriarch. Both Hiram Sr. and his wife, Jeanette, already had jobs. He was a plant shift worker, she worked at AT&T. But both used their off hours to get their …
Surety Expert: Termination of Contract is Rare and Serious
A judge Monday declined to block Austin from belatedly terminating its contract with Waller Creek Tunnel builder S.J. Louis – allowing the cancellation to stand, for now, as the city’s response to what it called massive flaws in the tunnel. However, the firm’s breach of contract lawsuit will proceed. Tell me more >>>
Contractors’ Bond Capacity Can Improve by Working With a CPA
As a contracting business grows in capacity to handle projects, an important question that arises is how to also increase your capacity to obtain larger amounts on your bonds required for construction projects. Without increasing your bond line, you are limited in the amount of work you can undertake which in turn is necessary to grow your business further. Read …