By Joe Bousquin for ConstructionDive.com The future of construction in 2022 looks bright, especially in the institutional sector, but contractors will have to overcome a multitude of challenges to enjoy it, based on two bellwether construction reports issued last week. The uptick in the institutional sector, which includes healthcare, education, dormitories, recreation facilities and public buildings such as courts and …
Fighting Capital Erosion
By Todd A. Feuerman for ConstructionBusinessOwner.com In the first quarter of 2020, prior to the onslaught of the pandemic, the nation’s construction industry was thriving, adding more than $900 billion in gross domestic product (GDP) revenue to the United States economy. Both this revenue and high employment levels were the best the industry had seen since 2008. Then COVID-19 reached …
Top Challenges Facing the Construction Industry
By George Gravenstine for AssuredPartners.com The construction industry has been on the rise for the past few years and is continuing to grow in 2018. While growth is often positive, there are some challenges that accompany it. Here are four of those challenges the construction industry is currently experiencing: Shortage of Qualified Workers Generational Differences Technology Adoption Project Complexity To …
How to Prequalify a Surety – and Why It’s So Important
Posted by Todd Taylor, AFSB, CPCU on SuretyBondQuarterly.org – Sponsored content from Old Republic Surety The number of surety companies represented in any region can make the task of prequalifying or differentiating among them challenging to say the least. Many bond agents and brokers have access to more than 30 surety company markets, and there can be important distinctions between …