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The partial shutdown of the federal government, which is nearing the end of its second week, will have an effect on some federal construction programs – especially those under the Federal Transit Administration – but other major infrastructure accounts, particularly highways, will continue with little change. Tell Me More >>>
Construction Bonds, Inc. is honored to be listed among the U.S. Small Business Administration’s (SBA) top performing bond agencies for FY2018! The SBA announces its most active surety companies and bond agencies every year. The standing of each agent is determined by the number of bond guarantees they wrote through the Surety Bond Guarantee (SBG) program. The mission of the …
The North Kingstown Planning Commission discussed Tuesday one of the final pieces of a proposed plan for a large-scale solar project: the means and payment for the future decommissioning of the project once it’s reached the end of its lifespan, something that would also need to be reviewed by the bond council before the project can go forward. Back in …
Is your business missing out on essential accounting resources that could help it grow? Money – it’s how you measure success in business. It’s also how you pay the bills, pay your employees, and keep your business running. Unfortunately, many small business owners are selling themselves short by operating without essential accounting resources, according to a survey by Clutch. Read …
The construction sector in Georgia has done so well it seems to be out-pacing the economy’s ability to fuel its growth. Even while there’s murmuring about a possible recession, industry leaders say they expect the economy to keep expanding, but they have reached the point where more construction spending is testing their ability to do the work. Tell me more …
You can see the signs everywhere: cranes in the sky and construction workers on the ground. New York is experiencing a construction boom. Not only are we watching the New York of tomorrow rise up today, but construction work also drives economic activity and growth. Billions of dollars are injected into the local economy through publicly funded projects alone, as …
A warrant executed to search the home of a man who claimed to operate an insurance agency out of Providence alleges he made more than $1 million in one year selling “fake bonds” to companies around the country. Coventry Developer John Gauvin told Target 12 last year that he warned insurance officials in a number of states several times about …
A recent decision by the Armed Services Board of Contract Appeals reminds us of the importance of obtaining commitments from your key subcontractors after award. In CDM Constructors, Inc. (August 20, 2018), the ASBCA dismissed on summary judgment a construction contractor’s claim for increased costs arising out of a contract for the construction of dissolved oxygen injection systems at two …
Arranging bonds and a line of credit with a surety company requires extensive, detailed work for each contract bid submitted. Many insurance agents do not focus their main energy, attention, or professional endeavors on the surety line of business and may not navigate the surety bonding process successfully for their clients. NASBP bond producers are committed surety professionals. They focus …
A Syracuse-based contractor must pay more than $66,000 to the customers he deceived after he was found guilty again of violating a court order. Jason M. Briere was found in civil and criminal contempt Tuesday of a court order that barred him from running a home construction business without posting a $25,000 performance bond, state Attorney General Barbara Underwood announced …
