News and current information for our surety bond clients.
Nearly every major US toll road project has gone bankrupt or required a government bailout. When this happens, little attention is given to the construction crews who worked on the project that go unpaid. This is what happened to Dig Tech, a small Texas firm that had a deal to dig trenches and install the electrical conduit for the ill-fated …
As a freshman senator I voted against the now infamous Base Load Review Act (BLRA) and urged my colleagues to do likewise. Unfortunately it wasn’t so infamous back then. I lost by a vote of 21 to 1 in the April 3, 2007, Senate Judiciary Committee meeting. I lost by an even larger margin via voice vote on the Senate …
Louisiana’s largest construction industry trade group is raising concerns that the city of New Orleans may have violated public bid law by using a generic pavement maintenance contract to conduct the first major reconstruction of Bourbon Street in more than 90 years. Read the article >>>
Contractors performing federal construction contracts that exceed $150,000 are required to obtain performance and payment surety bonds – which guarantee that the contractor will abide by the terms of the contract, and that suppliers and subcontractors will be paid if the contractor defaults. Read the full article >>>
If you’re looking at ways to improve your construction workforce’s effectiveness, we have actionable, practical ideas for you to implement across your business. Implementing these four ideas could be just what you need to kick-start productivity improvements… Tell me more >>>
When Shelby County resident Rob Thornton went in front of the Shelby County Commission in April, he was hoping for a solution that he and several other residents face: unfinished neighborhood roads. Thornton, who lives in the Mountain Crest Subdivision off of Alabama 119, has seen his neighborhood’s roads remain incomplete, which has led them to deteriorate and cause safety …
Back in November 2015, the state awarded a $14 million contract to an Idaho-based contractor to fix the dilapidated Maipalaoa Bridge in Maili. It’s considered one of the most dangerous bridges in the state. After nearly two years, contractor Performance Systems Inc. abandoned the project, completing just 5 percent of the job. For more information >>>
An unlicensed company that advertises it is in its eighth year of business in selling construction performance bonds in remains in business, despite a half dozen cease and desist orders in multiple states, the Target 12 Investigators have learned. Tell me more >>>
A warranty is meant to protect a purchaser from any faults or defects in goods or services purchased. But warranties are as different as the products and services that they protect. What’s more, because courts interpret warranties in widely different ways – as either a creature of tort, contract or a mixture of both – there exists no “one size …
For more than 50 years, Ohio Dept. of Transportation officials have been talking about bypassing Portsmouth, Ohio, the county seat of Scioto County. By entering into a public-private partnership and allowing the P3 to write new specifications and adopt innovations from highway projects around the U.S., the agency not only got construction moving, but also reduced the overall project delivery …
