Fairness, Honesty and Common Sense for Your Bond Needs

Denise Gillin Uncategorized

For over fifteen years Construction Bonds, Inc., a division of Murray, has focused on delivering quality bonding services and care to our clients. Over time we’ve grown and expanded. We’ve changed our look and our name more than once, expanded our capabilities, added new locations and evolved in order to provide you with the highest level of service possible. Today …

Construction Backlog Rebounds in October: Contractor Optimism Rises

Denise Gillin Uncategorized

According to ConstructionBusinessOwner.com, Associated Builders and Contractors?reported?that its Construction Backlog Indicator rebounded to 7.7 months in October, an increase of 0.2 months from September?s reading, according to an ABC member survey conducted from October?20 to November 5. Backlog is 1.2 months lower than in October 2019. ABC?s Construction Confidence Index readings for sales, profit margins and staffing levels increased in …

PPP-funded expenses not deductible for borrowers that receive forgiveness

Denise Gillin Uncategorized

By Construction Dive Guidance released this week by the Internal Revenue Service could have?tax implications for construction companies?that plan to ask for forgiveness of their Paycheck Protection Program loans. The new guidance is in line with an IRS notice this spring that ruled out tax deductions for wages and rent paid with forgivable PPP loans in order to prevent a …

Pursuing a better balance of risk for P3 projects

Denise Gillin Uncategorized

The next new thing in the construction industry, be it a project delivery method or the latest technology, always garners a lot of attention, even from those that might not ever use it. This is probably the reason that while most contractors have never been part of a public-private partnership (P3) team, they definitely watch those who are. So, the …

Only Eight States Top February Peak in Construction Employment Despite Gains in 32 States Last Month; More Losses Loom Without Loan Renewal

Denise Gillin Uncategorized

By Construction Business Owner Only eight states and the District of Columbia have recouped the severe pandemic-induced losses of construction jobs that occurred last spring, according to an?analysis?by the Associated General Contractors of America of government employment data. Association officials warned that job losses will become even more widespread unless lawmakers promptly renew and expand the loan program that enabled …

Clark Construction Invests in the Growth of Minority-Owned Small Businesses

Denise Gillin Uncategorized

Clark Construction is now accepting applications for its 2021-22?Strategic Partnership Program. The program is a central element of Clark’s effort to support small businesses on a national scale to foster both the technical and professional development that small contractors need to realize their business objectives and confidently compete for new construction opportunities. Click to learn more about Clark Construction’s program.

Just 9 (Not 10) Tips to Assist You in Obtaining PPP Loan Forgiveness

Denise Gillin Uncategorized

By Pullman & Comley, LLC for JDSUPRA Now that the day of reckoning has come ? SBA has opened the portal and some banks are beginning to process and submit completed PPP forgiveness applications ? what can you do to try to make the process easier for your lender and therefore easier for you to achieve forgiveness? Read more here>>>

Top Five Things Your Bond Agent Isn’t Telling You

Denise Gillin Uncategorized

By Joshua Etemadi, Assistant Vice President Did you know that working capital is one of the primary factors in determining your bond program?? The majority of bonding companies rely heavily on working capital to determine your bonding program.?Working capital is taken from your balance sheet, and simply put, it?s comprised of cash, accounts receivables, and underbillings ? less your current …