By Julie Strupp for ConstructionDive The toll of disputes on the industry is staggering. The value of claims on the 1,100-plus projects HKA, a global consulting firm, studied worldwide from 2018-2020 worked out to $48.6 billion (excluding legal and related fees) and the extensions of time claimed would accumulate to 593 years, according to the report. Click here to learn …
Growth and Expansion: What to Expect From Your Surety
By William Chapman for Construction Executive The decision of whether to grow and expand is one that contractors face daily. Some of the many reasons why a contractor may decide to grow or expand include requests from key customers, access to additional capital, the addition of key personnel, market conditions, strategy or necessity. Growth and expansion can take many forms: …