NASBP: Find a Surety Pro

Denise Gillin Uncategorized

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 …

Syracuse Contractor Back in Court – Must Pay Customers $66K

Denise Gillin Uncategorized

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 …

Avoid Unenforceable “Agreements to Agree”

Denise Gillin Uncategorized

In the construction industry, we see a growing trend of contractors, subcontractors and designers collaborating to pursue large construction contracts. Among many benefits, these collaborations enable companies to pursue projects that would otherwise be too large by combining their resources and skill sets with compatible partners. The terms of these collaborations are often outlined in “teaming agreements,” which define the …

Rising Construction Costs Concern West Virginia Transportation Secretary

Denise Gillin Uncategorized

Transportation Secretary Tom Smith said Monday that runaway inflation in highway construction costs has the department concerned as West Virginia embarks on the $2.8 billion “Roads to Prosperity” initiative. “Those are concerning numbers when you have things escalating that far,” Smith said of reports of an 8.8 percent inflation rate for construction costs. Those costs might have been reflected last …

Attorney: Contractors Should Read Construction Contracts for Ommissions, References

Denise Gillin Uncategorized

Whether it’s a contract, an insurance policy or another provision governing a construction project, all terms are spelled out in black and white—or they should be. If not, the risk for claims and disputes usually rises, often dramatically. Construction contracts alone can make or break projects before shovels hit the dirt, depending on whether the terms and conditions of multiple …

Construction CEOs Confident Revenue Will Rise

Denise Gillin Uncategorized

Recent construction surveys have expressed a cautiously optimistic look at the industry’s prospects for the next year or so, but there appears to be a growing consensus that the seemingly unfettered growth that the industry has enjoyed during the last several years will soon slow. For example, Engineering News-Record’s second-quarter Construction Industry Confidence Survey showed that construction executives, while upbeat about the industry …

Two Contractors Charged With Fraud, Stealing Identities of Minority Businesses

Denise Gillin Uncategorized

Two construction executives were charged with fraudulently obtaining public contracts worth millions of dollars by stealing the identities of two minority-owned businesses, and failing to pay more than $400,000 to more than 50 employees, the state attorney general’s office said today. One of the executives, Michael Martin, 47, of Latham, formerly owned Eastern Building & Restoration Inc. in Albany. Read …