News and current information for our surety bond clients.
An Owings Mills man was sentenced to 2 1/2 years in federal prison Tuesday for embezzling more than $3 million from the insurance company he worked for on cars, a yacht and a NASCAR team. Saleh Stevens, 45, pleaded guilty in August 2014, prosecutors said. U.S. District Judge Marvin J. Garbis ordered Stevens to serve three years of probation after …
By Ballard Spahr for “JDSUPRA” The White House released a 53-page framework on Tuesday setting forth its legislative goals for rebuilding America’s infrastructure (the Infrastructure Plan). The Infrastructure Plan is intended “to lead to at least $1.5 trillion in investments to rebuild our failing infrastructure and develop innovative projects” through $200 billion in federal funding to promote state and local …
In the U.S., commercial drone use has accelerated across many industries. In the last two years, one million new pilots have registered with the Federal Aviation Administration, and by 2020, experts expect seven million drones to be in use. The 2017 Drone Market Sector Report found that construction (design, building inspection or monitoring) is in the top three uses for …
Behind the gleaming glass facade of LaSalle’s new civic centre lies a tangled mess of construction liens and lawsuits still making its way through the courts three and a half years after the building opened to the public. Battling in the civil courts are Piroli Construction, the general contractor on the $13.8-million project, and the Town of LaSalle, as well …
The Aurora hospital has been a thorn in the VA’s side for years. The agency will miss the original completion date by four years, but the facility helped catalyze Congress’ decision to put the Army Corps of Engineers in charge of any VA construction project expected to cost $100 million or more. Read about it here >>>
Groundbreakings on several mega projects late last year lifted ConstructConnect’s 2017 total U.S. starts to +11.1% versus 2016, more than the +7.9% set out in the previous quarterly forecast. The out-front timing of those mega project starts also caused trimming of ConstructConnect’s expectations for 2018, which is now being projected at +3.0% year over year versus the prior projection of …
WASHINGTON – President Trump will unveil his long-awaited infrastructure proposal Monday to shift $200 billion over the next decade from other federal programs to pave the way for $1.5 trillion for roads, bridges, waterways and railways. Trump’s approach is to let Congress negotiate the details. His four objectives are to stimulate new investment, streamline federal permitting, invest in rural projects …
Mahoning County commissioners have filed a lawsuit which claims a local excavating company and a Cincinnati bonding company have failed to meet the terms of their contracts. The lawsuit filed Monday in common pleas court claims X-Press Underground Inc. of Petersburg failed to complete its $418,075 contract to replace a pump station in New Middletown. A pump station contains pumps …
Main contractor Carillion’s entry into liquidation has resulted in many employers seeking to establish relationships with subcontractors, under which they will be paid directly in order to stay on site and finish the relevant project. On the face of it, this seems like an attractive solution, and may leave some employers wondering why they didn’t procure their projects by construction …
Very few construction projects happen without subcontractors. Some general contractors self-perform all or a portion of the construction work, but, most often, major and minor trades contribute the lion’s share of labor and materials. Read the article >>>
